Sempra Energy-owned IEnova has bought a 25% indirect stake in the Ramones II Norte gas pipeline held by Mexico’s state giant Pemex, boosting the United States-based company’s stake to 50%, the Financial Times has reported.
IEnova bought the stake held by Pemex Transformación Industrial – Pemex’s downstream unit – in the Ductos Energéticos del Norte company.
The deal was worth $520 million.
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