General Announcement::IENOVA INFORMS ON A REQUEST FOR ARBITRATION RELATED TO ECA REGASIFICATION CONTRACT

Issuer & Securities

Issuer/ Manager
INFRAESTRUCTURA ENERGETICA NOVA, S.A.B. DE C.V.
Securities
INFRAESTRUS$540M4.875%N480114A - US456829AB67 - 8DTB
INFRAESTRUS$540M4.875%N480114R - USP56145AB40 - 8DUB
INFRAESTR US$300M3.75%N280114A - US456829AA84 - 8DWB
INFRAESTR US$300M3.75%N280114R - USP56145AA66 - 8DXB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Jul-2020 08:37:49
Status
New
Announcement Sub Title
IENOVA INFORMS ON A REQUEST FOR ARBITRATION RELATED TO ECA REGASIFICATION CONTRACT
Announcement Reference
SG200724OTHR6UBO
Submitted By (Co./ Ind. Name)
RODRIGO CORTINA CORTINA
Designation
CORPORATE LEGAL DIRECTOR
Effective Date and Time of the event
23/07/2020 17:00:00
Description (Please provide a detailed description of the event in the box below)
IENOVA INFORMS ON A REQUEST FOR ARBITRATION RELATED TO
ECA REGASIFICATION CONTRACT

Mexico City, July 23, 2020 Infraestructura Energetica Nova, S.A.B. de C.V. ( IEnova ) informs that today, its subsidiary Energia Costa Azul, S. de R.L. de C.V. ( ECA ), received a request for arbitration from Shell Mexico Gas Natural, S. de R.L. de C.V. ( Shell ) derived from a storage services contract between ECA and Shell, where it claims that the 2019 update to the terms and conditions related to the storage services provided at the facility resulted in a cause of force majeure and a breach of the contract mentioned above.

ECA considers that Shell s claims are unfounded and inadmissible and will assert its rights in the corresponding arbitration process, seeking to dismiss the counterparty s claims.

Attachments

EVENTO RELEVANTE PRESENTACION ARBITRAJE SHELL ENG.pdf
Total size =136K