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DLA Piper Advises Grupo Cox in US$4.2 Billion Iberdrola Mexico Acquisition
MEXICO, JUL 31 – Iberdrola exits Mexico to fund a €55 billion investment plan while Cox plans to invest $10.7 billion in Mexico between 2025 and 2030, boosting its renewable energy presence.
- On Friday, Cox Energy agreed to acquire Iberdrola México in a deal valued at US$4.2 billion, including over 11.8 GW of renewable energy sources.
- Amid its global investment push, Iberdrola is exiting the Mexican market to fund a 55 billion plan through 2031, hiring Barclay’s Investment Bank last week to oversee the sale.
- 15 power plants comprise six wind parks, three solar sites, and six gas and cogeneration plants with a total capacity of 2.6 GW, including about 1.37 GW of combined-cycle and co-generation and around 1.23 GW of wind and solar, according to the source.
- Cox’s acquisition of Iberdrola’s assets is expected to close by early 2026, supported by 84% shareholder approval, with over 800 Iberdrola professionals transferring to Cox.
- Between 2025 and 2030, Cox will invest more than US $4.7 billion in Mexico, including over US $4 billion in new energy assets and up to US $1.5 billion in water concessions.
121 Articles
121 Articles
NEW YORK, Aug. 2, 2025 /PRNewswire/ -- DLA Piper advised Grupo Cox (Cox), a leading Spanish multinational water and energy company, on its acquisition of Iberdrola's assets in Mexico for…
The Berkshire Eagle
DLA Piper advises Grupo Cox in US$4.2 billion Iberdrola Mexico acquisition
NEW YORK, Aug. 1, 2025 /PRNewswire/ -- DLA Piper advised Grupo Cox (Cox), a leading Spanish multinational water and energy company, in its acquisition of Iberdrola's assets in Mexico for US$4.2 billion – one of the largest cross-border energy deals…
Cox Energy buys departing Iberdrola's Mexican assets for US $4.2 billion
Madrid-based Cox Energy has agreed to acquire Iberdrola México in a deal valued at US $4.2 billion including debt, the two companies announced on Friday. President Claudia Sheinbaum called the acquisition “a sign of certainty in our country, of confidence and of a desire to keep investing,” at her Friday morning press conference. Part of the Mexican assets that Iberdrola is leaving behind for Cox are five wind farms.(Bolsamania.com/on X) “I have…
Mexico City, 1 Aug (EFE).- The president of Mexico, Claudia Sheinbaum, said this Friday that the departure from the country of the Spanish energy company Iberdrola “was not a decision related to some problem they had with Mexico, but a business decision.” “They have decided to make a very large investment in other countries, in Europe in particular. They won a contest and have decided to direct most of their investments to this process,” explain…
Mexico City.- The Spanish company of water and renewable energy Cox agreed to purchase the assets of Iberdrola in Mexico for $4.2 billion, which includes the company’s debt, according to both companies. With that transaction, Iberdrola definitively leaves the Mexican market after a first sale of 23 power plants in 2024, whose value was $6 billion. Iberdrola has 15 power plants with capacity of 2 600 Megawatts (MW), of which 1,368 MW correspond t…
Madrid. The Spanish company Cox, specialized in the energy sector, announced the purchase of the businesses in Mexico of the Spanish multinational Iberdrola, in an operation valued at 4 billion dollars and with which the definitive exit of the Iberian electricity of the country is confirmed.
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