M&A

Sempra's IEnova Buys Pemex Stake in Los Ramones II Norte Gas Pipeline

In its latest move to expand a multi-billion-dollar stake in Mexico, San Diego-based Sempra Energy's Mexican subsidiary, Infraestructura Energetica Nova SAB de CV (IEnova) acquired an additional 25% interest in the Los Ramones II Norte natural gas pipeline from Petróleos Mexicanos (Pemex) for $231 million, plus assumption of outstanding debt. Read More

Sempra Trumps Suitors with $9.45B Offer for Oncor

Natural gas-focused San Diego-based Sempra Energy made a late bid that allowed it to pluck off bankruptcy-bound Energy Future Holdings Corp., the indirect owner of 80% of Texas-based Oncor Electric Delivery Co., for $9.45 billion in cash, topping one by Warren Buffett's Berkshire Hathaway conglomerate. Read More