Sempra Energy Solutions sold to Noble Group

 

Sempra Energy and The Royal Bank of Scotland today completed the sale of the San Diego-based Sempra Energy Solutions unit of their RBS Sempra Commodities joint venture to Noble Group.

The final purchase price was $318 million in cash, plus the assumption of all debt.

The remaining principal North American assets of RBS Sempra Commodities are being sold to JP Morgan Ventures Energy. That transaction, which was announced Oct. 7, is expected to close next month. In July, Sempra Energy and RBS completed the sale of the joint venture’s global metals and oil businesses, and European natural gas and power businesses to JP Morgan Chase & Co.

Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2009 revenues of more than $8 billion. The Sempra Energy companies’ 13,800 employees serve about 25 million consumers worldwide.

USA, San Diego, CA

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