October 10, 2017
IEnova has acquired a further 25% in the Los Ramones II pipeline from Pemex for $231m plus $289m in debt, a statement from the power company showed.
Pending regulatory approval, the Mexican unit of US-based Sempra Energy will hold 50% of the local pipeline. Private equity firm BlackRock is the second-largest shareholder with a 45% stake in Los Ramones.
Financing for Los Ramones II Sur included an $864m senior facility, a $29m standby portion and a $90m VAT loan from BNP Paribas and Banco Santand
Sempra's Mexican unit picks up a further 25% in the local pipeline for $520m including debt