Mexico $900m pipe equity sale

摘要

Asset manager BlackRock and US private equity player First Reserve have acquired a joint stake worth around US $900m in Phase 2 of Mexico’s Los Ramones pipeline project, said state player Pemex. Pemex said the joint stake was equivalent to 45% of the costs involved in the construction of the project. It is BlackRock’s first infrastructure investment in Mexico, Pemex said, adding: “The company has the intention of establishing a greater presence in Mexico.”