Iberdrola, the largest European electricity, hired the Barclays investment bank to sell 15 renewable energy plants in Mexico In order to leave the country, the Spanish news website reported Wednesday, citing anonymous sources close to the operation.
Iberdrola assets are valued at about 4,000 million euros (US $ 4.7 billion)said the confidential, adding that electricity seeks to sell about the concern for the legal and fiscal stability of the country.
Iberdrola has already sold 55% of its assets in the country to the Mexican State for US $ 6,000 million in 2024what the Mexican government described at the time as a “new nationalization” of the electricity market.
The agreement was largely designed to give the Mexican State Electric Company Federal Electricity Commission (CFE) The majority control of the local electricity market.
Iberdrola did not want to comment, While Barclays did not respond immediately to a request for comments.
