Spanish energy company Cox has acquired Iberdrola’s Mexican assets in a landmark $4.2 billion transaction, Reuters reports. The deal marks a significant shift in the energy sector as Cox expands its footprint in Latin America, taking over Iberdrola’s power generation and distribution operations in Mexico. This acquisition is expected to bolster Cox’s strategic presence in one of the region’s fastest-growing markets while signaling potential changes in the competitive landscape of Mexico’s energy industry.
Spain’s Cox Expands Presence in Latin America with Major Acquisition of Iberdrola’s Mexican Operations
Spain’s energy company Cox has announced a strategic acquisition that marks a significant expansion into the Latin American market. The $4.2 billion deal sees Cox acquire Iberdrola’s Mexican operations, boosting its footprint in one of the region’s fastest-growing energy sectors. This move aligns with Cox’s broader ambitions to diversify its portfolio and strengthen its…
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Author : Ethan Riley
Publish date : 2025-08-04 11:09:00
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