Sempra Energy has confirmed that its Mexican subsidiary, Infraestructura Energ茅tica Nova, S.A.B. de C.V. (IEnova), has completed its acquisition of PEMEX Transformaci贸n Industrial's 50% equity interest in the Gasoductos de Chihuahua joint venture. The deal is said to be worth approximately US$1.14 billion.
Mexico's antitrust commission (the Comisi贸n Federal de Competencia Econ贸mica) authorised the transaction on 15 September.
IEnova's shares in the joint venture now increase from 50% to 100%. PEMEX will retain 50% shareholder interest in the Ramones II Norte pipeline project through Ductos y Energ茅ticos del Norte, S.de R.L. de C.V.
Included in the transaction is three natural gas pipelines, an ethane pipeline and a liquid petroleum gas pipeline and associated storage terminal.
Adapted from press release by聽