Sempra Energy’s Mexico unit will acquire Pemex’s 25% stake in the Ramones II Norte pipeline for approximately $520m, including $289m in debt. The deal will lift Ienova's stake in the pipeline project to 50% from 25%. Los Ramones II Norte is located in northeast Mexico, and it contracts with Cenagas to supply gas to fulfill its various system/network needs, including providing gas to some power plants,” the spokesperson said. “While we are pleased with this transaction, it is important that our shareholders understand and appreciate how much of a risk they have taken on by purchasing these shares at today’s price,” said CEO Juan Carlos
Sempra Energy’s Mexico unit will acquire Pemex’s 25% stake in the Ramones II Norte pipeline for approximately $520m, including $289m in debt. The deal will lift Ienova's stake in the pipeline project to 50% from 25%. “While we are pleased with this transaction, it is important that our shareholders understand and appreciate how much of a risk they have taken on by purchasing these shares at today’s price,” said CEO Juan Carlos