| Sempra Energy buying joint venture stake from Pemex | |
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NEW YORK (AP) -- Sempra Energy said Friday it will take full control of a Mexican natural gas pipeline business in a deal valued at $1.33 billion.
Sempra Energy's Mexican unit, IEnova, owned 50 percent of the Gasoductos de Chihuahua joint venture, and Mexico's state oil company Pemex owned the other half. The San Diego company said Friday it expects to buy Pemex's stake within the next 120 days, pending approval from Mexican regulators. IEnova will also take on about $170 million in debt in the deal.
Gasoductos de Chihuahua owns three natural gas pipelines, an ethane pipeline, a liquid natural gas pipeline and a liquid natural gas storage terminal.
IEnova and Pemex, or Petroleos Mexicanos, will continue to run a separate joint venture called Los Ramones Norte.
Sempra Energy said the purchase will add about 5 cents per share to its annual profit in 2016, and about 10 cents per share by 2019. IEnova will finance the deal by taking on debt and issuing equity.
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Sempra Energy
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CODE : SRE |
ISIN : US8168511090 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Sempra Energy is based in United states of america. Sempra Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 18.3 billions as of today (€ 17.1 billions). Its stock quote reached its highest recent level on November 25, 2016 at US$ 99.96, and its lowest recent point on April 26, 2024 at US$ 71.59. Sempra Energy has 255 324 212 shares outstanding. |