Grupo Mexico to Merge Power Unit With BlackRock-Backed Saavi


Financial terms of the deal were not disclosed. The merged companies will now own a combined 4.5 gigawatts of generation from 14 plants with a pipeline to reach 5 gigawatts, making it Mexico’s largest private power generator without any government-controlled stake. Grupo Mexico will control 70% of Saavi, with the remaining 30% staying with Global Infrastructure Partners (GIP).



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