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.
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%. The purchase price will be adjusted on the date the deal closes, probably in Q4.