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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  Infraestructura Energética Nova, S.A.B. de C.V.    IENOVA *   MX01IE060002

INFRAESTRUCTURA ENERGÉTICA NOVA, S.A.B. DE C.V.

(IENOVA *)
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Infraestructura Energetica Nova B de C : Sempra Energy to sell 20% stake in unit to KKR for $3.37 billion

04/05/2021 | 07:41am EDT
The Sempra Energy logo is shown on the side of a building in San Diego, California

(Reuters) - Energy infrastructure company Sempra Energy said on Monday it would sell a 20% stake in its new business platform, Sempra Infrastructure Partners, to investment firm KKR for $3.37 billion in cash.

The sale was flagged by Sempra in December and comes as the company sharpens its focus on renewables and ene
rgy storage to capitalize on the growing global demand for cleaner fuels. (https://reut.rs/3rTE7Do)

Sempra last year late last year agreed to buy the remaining stake in its Mexican unit Infraestructura Energética Nova SAB de CV (IEnova).

The company then said it would combine IEnova with its North American liquefied natural gas export infrastructure unit, Sempra LNG, under a new unit called Sempra Infrastructure Partners to focus on the development and construction of North American LNG export and natural gas infrastructure.

The deal announced on Monday values Sempra Infrastructure Partners at about $25.2 billion, including expected asset-related debt at closing of $8.37 billion, the company said in a statement.

Proceeds from the sale will be used to help fund growth across Sempra Energy's $32 billion capital program, which is centered on its U.S. utilities.

The sale is expected to add to the company's earnings and is likely to close by mid-2021.

(Reporting by Arunima Kumar in Bengaluru; Editing by Aditya Soni)


© Reuters 2021
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Financials (USD)
Sales 2020 1 279 M - -
Net income 2020 437 M - -
Net Debt 2020 3 549 M - -
P/E ratio 2020 13,9x
Yield 2020 3,61%
Capitalization 5 819 M 5 815 M -
EV / Sales 2020 7,32x
EV / Sales 2021 6,70x
Nbr of Employees 1 300
Free-Float 29,8%
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 4,71 $
Last Close Price 4,01 $
Spread / Highest target 42,4%
Spread / Average Target 17,6%
Spread / Lowest Target 0,23%
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Managers and Directors
NameTitle
Tania Ortiz Mena López Negrete Chief Executive Officer & Director
Carlos Ruiz Sacristán Pemán Executive Chairman & Executive President
Carlos Mauer Díaz Barriga Chief Financial Officer
René Buentello Carbonell Chief Compliance Officer & General Counsel
Aarón Dychter Poltolarek Independent Director
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