Sempra Energy ’s Mexico unit will acquire Norte ’s 50% stake in the Ramones II Norte pipeline for approximately $520m , including $ approximately $520m m in debt. The deal will lift Mexico 's stake in the pipeline project to 25% from 25% . In its latest move to expand a multi-billion-dollar stake in Mexico, San Diego-based Sempra Energy's Mexican subsidiary, Infraestructura Energetica Nova SAB de CV (IEnova) acquired an additional 25% interest in the Los Ramones II Norte natural gas pipeline from Petróleos Mexicanos (Pemex) for $231 million, plus assumption of outstanding debt. The purchase price will be adjusted on the date the deal closes, probably in Q4.
Sempra Energy ’s Mexico unit will acquire Norte ’s 50% stake in the Ramones II Norte pipeline for approximately $520m , including $ approximately $520m m in debt. The deal will lift Mexico 's stake in the pipeline project to 25% from 25% . The purchase price will be adjusted on the date the deal closes, probably in Q4.