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Grupo Mexico's infrastructure division has signed a definitive agreement to combine its power generation assets with BlackRock-backed Saavi Energia.
Grupo Mexico will combine its power generation assets with Saavi Energia under a definitive agreement.
KEY POINTS
- The merged platform will encompass 14 plants in Mexico totaling 4,510 MW and a 5,000 MW pipeline.
- After the deal, Saavi will be 70% owned by Grupo Mexico and 30% by BlackRock's GIP.
- Transaction closure is expected by Q3 2026, pending regulatory approvals.
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