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.