- Sempra Energy's (SRE +0.7%) IEnova Mexican unit said late yesterday that it had restructured a deal to buy Pemex's 50% stake in pipeline company Gasoductos de Chihuahua for $1.11B.
- IEnova says the changes in the deal, initially valued at $1.33B ($1.5B including the assumption of debt), will allow Pemex to comply with an antitrust ruling and clear the deal to go ahead, which it expects in Q3.
- IEnova operates natural gas pipelines, natural gas distribution networks, a liquefied natural gas terminal and a power plant in Mexico.