Grupo México Concrete Fusion with Saavi Energía and Explores Long-Term Alliance with BlackRock
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
The industrial company reported that the transaction, estimated at US$800 million, has been completed to form a leading private generator in Mexico.
Grupo México and Global Infrastructure Partners (GIP), a subsidiary of BlackRock, concluded the operation to merge Grupo Mexico's electricity generation assets with Saavi Energía, creating one of the leading private players in the electricity sector in Mexico, with a combined installed capacity of 4,510 megawatts (MW).After the closure of the [...] Grupo México and BlackRock create electric giant of 4,510 MW first appeared in Energy21.
As a result of this merger, Grupo Mexico will have 70% of the new consortium, while GIP, part of BlackRock, will maintain 30% participation
Grupo México, a company of Germán Larrea, announced the merger of its energy generation assets with the company Saavi Energía, owned by Global Infrastructure Partners (GIP), a subsidiary of BlackRock. Through a statement, the Mexican conglomerate reported the closure of the transaction, carried out through its Infrastructure division, with which it will form a diversified energy generation platform that will be “leader in Mexico”, in conjunction…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
