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Mexico's IEnova plans $1 billion share offering

Tuesday, September 13, 2016


Mexico's IEnova aims to raise more than $1 billion in a secondary share offering in October, in what would be one of the biggest Mexican equity placements in recent years.

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

Source: Reuters