Mexican IEnova to buy pipeline stake from Pemex

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Mexican unit of U.S.-based Sempra Energy announced on Tuesday it had restructured a deal to buy state-run oil company Pemex's 50 percent stake in pipeline company Gasoductos de Chihuahua for $1.108 billion.

Mexican unit of U.S.-based Sempra Energy announced on Tuesday it had restructured a deal to buy state-run oil company Pemex's 50 percent stake in pipeline company Gasoductos de Chihuahua for $1.108 billion.In December, Mexico's anti-trust agency said it objected to a previous version of the deal, as Pemex had failed to sell its stakes in a liquefied petroleum gas pipeline and a natural gas pipeline, as ordered by a previous.

On Tuesday, IEnova announced it had restructured the deal with Pemex, which would be able to proceed once it had finished complying with the Federal Economic Competition Commission (COFECE) conditions.

IEnova said it would pay a minimum of $1.108 billion for the stake, less than the $1.325 billion it pledged to pay last July.

Gasoductos de Chihuahua owns a 23.4 miles pipeline that delivers gas from Texas to Northern Mexico.