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 said in a filing with the Mexican stock exchange that it earned $194 million in 2012, up 11 percent from 2011, helped by lower natural gas prices, fewer taxes and financing costs even as revenues fell 26 percent from 2011 to $608 million in 2012.
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 fell by 1.38% or $-1.06/share to $75.73. In the past year, the shares have traded as low as $57.49 and as high as $78.18. On average, 966466 shares of SRE exchange hands on a given day and today's volume is recorded at 1109186.
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