Mexican unit of Sempra Energy launches IPO

MEXICO CITY, March 22 Fri Mar 22, 2013 3:42am EDT

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MEXICO CITY, March 22 (Reuters) - Infraestructura Energetica Nova, the Mexican unit of U.S. energy company Sempra Energy, launches its initial public offering (IPO) on Friday a day after setting a price of 34 pesos on the shares.

The company is selling 218 million shares, planning to raise as much as 7 billion pesos ($566.3 million) for general corporate purposes including expansion plans.

Sempra Energy has operated in Mexico for more than 15 years.

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