Grupo Mexico to combine power generation assets with BlackRock-backed Saavi
• Deal will create a power generation platform with 14 plants located across Mexico, with combined capacity of 4,510 megawatts and a growth pipeline of about 5,000 MW, Grupo Mexico said. • Saavi will be 70% owned by Grupo Mexico and 30% by Global Infrastructure Partners (GIP), which is part of BlackRock, once the transaction is completed.
Grupo Mexico's infrastructure division has signed a definitive agreement to combine its power generation assets with BlackRock-backed Saavi Energia, the Mexican mining giant said in a statement on Monday. • Deal will create a power generation platform with 14 plants located across Mexico, with combined capacity of 4,510 megawatts and a growth pipeline of about 5,000 MW, Grupo Mexico said.
• Saavi will be 70% owned by Grupo Mexico and 30% by Global Infrastructure Partners (GIP), which is part of BlackRock, once the transaction is completed. • Transaction is subject to regulatory approvals and expected to close in the third quarter of 2026.
• Grupo Mexico expects to explore new infrastructure collaboration opportunities with GIP in Mexico and abroad, it said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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