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Monday, February 25, 2013

Sempra Energy to list about 15-20 percent of Mexico unit, (NYSE: SRE)

The Mexican unit of U.S. energy company Sempra Energy plans to list about 15 to 20 percent of its shares in Mexico, Sempra said on Monday.The unit will sell shares through a private offering as well as an initial public offering in Mexico, the company said in a statement.The offerings, which will raise money for general corporate purposes including expansion plans, should close by April, according to the statement.Sempra Mexico has operated in Mexico for more than 15 years.

Sempra Energy is a holding company. During the year ended December 31, 2011, Sempra Energy?s business was organized in five segments: San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Generation, Sempra Pipelines & Storage and Sempra LNG (liquefied natural gas). Shares of SRE traded higher by 0.03% or $0.02/share to $76.81. In the past year, the shares have traded as low as $57.49 and as high as $76.98. On average, 955844 shares of SRE exchange hands on a given day and today's volume is recorded at 481619.