Sempra Energy, an energy infrastructure company with operations in North America, announced that it reached a definitive agreement to sell a 10% stake in its subsidiary Sempra Infrastructure Partners to Abu Dhabi Investment Authority (ADIA), in a transaction valued at 1,785 million dollars in cash that would make it the third shareholder of one of the most important private energy companies in Mexico.
The operation is scheduled to conclude in the third quarter of 2022, as long as they meet customary closing conditions, including the endorsement of various regulators.
The deal, which values Sempra Infrastructure at $ 26.5 billion (including $ 8.6 billion of asset-related debt) is the second Sempra has made after consolidating its assets in Mexico and natural gas for export, after closing in October the sale of a 20% interest to the US investment firm KKR.
That operation was agreed in exchange for 3.37 billion dollars and was part of an initiative by Sempra Energy that began to develop three years ago, but which it made public in December 2020 to optimize its portfolio with a strategic focus on the Americas region. Norte, while, like many other Mexican issuers, considered that the price of its securities in the market did not represent its full potential.
For ADIA, the most important sovereign investment fund in the United Arab Emirates, the operation represents its entry into Mexico, a country whose government seems determined to prop up its state-owned energy companies by blocking private companies, so this investment could be a positive sign for the sector, at least in the sectors in which IEnova participates.
Ara Consortium, one of the main home developers in the country, obtained a credit rating upgrade from the HR Ratings rating agency, motivated by the generation of free cash flow generated by the company in the last 12 months and by its credit levels. liquidity.
The home’s rating went from ‘HR AA-‘ to ‘HR AA’, or from fourth to third rung on the investment grade scale; while the outlook dropped from ‘positive’ to ‘stable’.
HR Ratings also raised the ratings for Ara’s issues identified with the codes ARA 21X and ARA 21-2X, which went from ‘HR AA +’ to ‘HR AAA’, or from second to first place in the investment grade block.
At the end of November, Ara suffered the withdrawal of global and national ratings by the agency Moody’s México, due to a business decision.
Caxxor Group, a company that operates in the infrastructure sector, announced a relationship with OHLA, the global infrastructure group, to jointly and privately develop a master plan for logistics development in Nuevo León with its own resources. The logistics axis will focus on relaunching and detonating the border crossing of Colombia Nuevo León.
The company estimates that private investment in infrastructure for the state of Nuevo León in the next 5 years may exceed 2 billion dollars.
In addition, Caxxor and OHLA participate jointly in the planning of the development of a program to establish 26 nuclear technology sanitation plants together with the GALA group throughout the national territory.
The company telecommunications company AT&T reached an agreement with Microsoft to sell Xandr, its digital advertising platform.
The deal builds on the decade-long relationship between Xandr – formerly AppNexus – including its predecessor companies and Microsoft, to deliver global digital media solutions to advertisers.
L’Oréal firmó an agreement to acquire Youth to the People, an American skin care company based in California.
Youth to the People was founded in Los Angeles in 2015 by two cousins, Greg Gonzalez and Joe Cloyes. The brand is inspired by her grandmother, Eva, who started a professional skincare line 40 years ago.
The growth of the brand is supported by its shareholders, Sandbridge Capital, Strand Equity and Carisa Janes. It is expected to record more than $ 50 million in sales this year.
Reference-www.eleconomista.com.mx