US EditionCox Gets Funding to Buy Iberdrola Mexico
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Cox has secured the bank financing of $2 650 million for the acquisition of Iberdrola Mexico, announced on July 31, structured as a syndicated financing with seven leading financial institutions: the US Citi and Goldman Sachs, the European Barclays and Deutsche Bank, the Spanish Santander, BBVA and Bank of Nova Scotia. The unfunded tranche will be completed by capital to contribute by Cox, along with financing from institutional investors, in li…
Seven international banks support the bank operation for $2,650 million to complete the acquisition by the Spanish company Iberdrola Mexico, a subsidiary of the Spanish company Iberdrola. Cox’s global utility of water and energy secured bank financing for a total of $2,650 million to complete the acquisition of Iberdrola Mexico, an operation announced in July last year, and that marks a key step in the expansion of the Spanish company in the Mex…
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