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Claudia Sheinbaum · Mexico CityMexico’s Finance Ministry announced Tuesday it will launch a new financial operation to support the country’s embattled state oil company, Pemex—the most indebted energy firm in the world. The operation involves issuing “Pre-Capitalized Notes,” a form of financing designed to strengthen Pemex’s balance sheet without a direct government guarantee. The plan—part of an ongoing effort to prop up a company mired in debt, production decline, and opera…See the Story
Mexico Unveils Financial Maneuver to Stabilize Debt-Laden Pemex
38% Right coverage: 8 sources
Populism · MexicoIberdrola, Europe’s largest power company, has hired investment bank Barclays to sell all 15 of its renewable energy plants in Mexico in an effort to exit the country, the Spanish news website El Confidencial reported Wednesday. Citing anonymous sources close to the deal, El Confidencial said Iberdrola is looking to sell due to concern about Mexico’s financial and legal stability. Six wind farms are among the assets that Iberdrola is selling thr…See the Story
Spanish Energy Giant Iberdrola to Sell US $5B in Assets, Exit Mexico
60% Right coverage: 5 sources
