Cash raise: Mexican midstream player IEnova

IEnova 'eyes $1bn share offering'

Mexico's Infraestructura Energetica Nova (IEnova) aims to raise more than $1 billion in a secondary share offering in October, three people with knowledge of the matter said, in what would be one of the biggest Mexican equity placements in recent years.

12 September 2016 22:34 GMT Updated 12 September 2016 22:34 GMT

By Reuters

A unit of US firm Sempra Energy, IEnova has hired Credit Suisse and JP Morgan to underwrite the offer that will help it fund major investments, according to two of the people.

A spokeswoman for IEnova declined to comment. Credit Suisse and JP Morgan also declined to comment.

IEnova is in the vanguard of Mexican companies that have pushed into the oil and gas industry since state oil firm Pemex lost its monopoly under a 2013 energy reform.

Since

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IEnova 'eyes $1bn share offering'