Report
Sempra Energy
488 8th Ave,
PO Box 129400
Phone: (619) 696-2000p:619 696-2000 SAN DIEGO, CA  92101-7123  United States Ticker: SRESRE


IEnova will propose to shareholders to launch takeover bid to exit the BMV


Infraestructura Energética Nova (IEnova) will propose to its shareholders, on June 28, to launch a Takeover Bid (OPA) for the shares it still has floating in the market, to carry out the delisting of its shares from the Mexican Stock Exchange (BMV).

The meeting will present "the proposal to request the cancellation of the registration of the shares representing the share capital of the Company in the National Securities Registry in charge of the National Banking and Securities Commission; and the consequent cancellation of its listing on the Mexican Stock Exchange," the announcement reads.

Currently, the investing public holds about 3.6% of the issuer's securities, which are about 1,452.3 million shares floating in the market. Each paper trades at 80.64 pesos.

"In order to delist from the BMV, IEnova would have to make a takeover bid for the remaining shares it holds in the market and which will be subject to the approval of the shareholders' meeting. It will not be much more attractive than the takeover bid made by Sempra (to have control of IEnova), given the market conditions and the low securitivity it has," explained Brian Rodríguez, analyst at Monex Casa de Bolsa.

IEnova's departure from the BMV comes after its parent company, U.S.-based Sempra Energy (SRE), took control, increasing its stake to 96.4% from 70.2% it owned before the takeover bid it launched last April.

While SRE, which invests, develops and operates energy infrastructure in North America, listed its shares in the BMV.

In fact, it announced that it will pay on July 15 a quarterly dividend of $1.10 for each common share of the company.

He said the board of directors agreed to deliver a dividend of $1.6875 for each mandatory conversion preferred share of 6.75% Series B of the company.

judith.santiago@eleconomista.mx


Related Businesses
- - Customer

Copyright © 2021 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved.  You are not permitted to use this report or the information contained herein for any purpose not expressly permitted by CreditRiskMonitor.com, Inc. Except as expressly permitted by CreditRiskMonitor.com, Inc., you are not permitted, in whole or in part, to copy, alter, correct, adapt, translate, enhance, lease, sell, sublicense, assign, distribute, publish, otherwise make available to any third party, or prepare derivative works or improvements of this report or any of the information contained therein. You are not permitted to reverse engineer, disassemble, decompile, decode, or adapt the software, algorithms or other processes used to prepare this report, or otherwise attempt to derive or gain access to the source code of same. You agree not to remove, alter, obscure, combine or otherwise change any disclaimers, trademarks, copyrights, other intellectual property rights, proprietary rights, or other symbols, notices, marks, or serial numbers on or relating to any copy of the report or on marketing or other materials that CreditRiskMonitor.com, Inc. may provide to you. You will not use this report in any manner or for any purpose that infringes, misappropriates, or otherwise violates any right of any party, or that violates any applicable law.  
The FRISK® scores, agency ratings, credit limit recommendations and other scores, analysis and commentary are opinions of CreditRiskMonitor.com, Inc. and/or its suppliers, not statements of fact, and should be one of several factors in making credit decisions.  Any reliance you place on the information in this report is strictly at your own risk. Except as expressly provided by CreditRiskMonitor.com, Inc., no warranties or representations of any type, including without limitation of results to be obtained, merchantability or fitness for a particular purpose, are made concerning any part of CreditRiskMonitor.com, Inc.’s service, including without limitation the FRISK® scores.  The information published above has been obtained from sources CreditRiskMonitor considers to be reliable.  CreditRiskMonitor.com, Inc. and its third-party suppliers do not guarantee or validate the accuracy and completeness of the information provided in this report, the underlying information input to create the FRISK® scores, and specifically do not assume responsibility for not reporting any information omitted or withheld.  By using this website, you accept the Terms of Use Agreement
Contact Us: 845.230.3000
Fundamental financial data concerning public companies may be provided by Refinitiv (click for restrictions)
Friday, July 30, 2021