August 13, 2021 |
US energy company Sempra Energy is expected to use "cash flow” to finance the MXN4.1 billion ($207 million) purchase of the 3.6% shares it does not already own in Mexico City-based IEnova, a source told LatinFinance on Thursday.
With the cash tender offer, Sempra will buy 52.2 million shares of IEnova for MXN78.97 each, according to securities filings on Mexico Stock Exchange (BMV) on Thursday.
As a result of the deal, Sempra’s common stock is now listed on both the New York Stock Exchange and t
US energy firm to buy remaining 3.6% of shares of IEnova for $207 mln