May 25 (LNGJ) - Infraestructura Energética Nova (IEnova), the Sempra Energy subsidiary in Mexico and owner of the Costa Azul LNG project, said Mexican Stock Exchange transactions had been completed on behalf of Sempra in the exchange offer launched on April 26, 2021. The transactions were to acquire all of the IEnova ordinary shares not owned directly or indirectly by Sempra in exchange for shares of Sempra common stock at an exchange ratio of 0.0323 shares of Sempra stock for each IEnova public share.
The share offer in Mexico is part of a corporate overhaul to group all LNG operations in an infrastructure company. Sempra Energy’s direct and indirect ownership interest in the IEnova stock increased from 70.2 percent to 96.4 percent of the total outstanding IEnova shares. “The remaining 3.6 percent of the outstanding IEnova shares continue to be held by public investors and are traded on the Mexican Stock Exchange,” said IEnova.
