Baker & McKenzie LLP
05/01/2026 | Press release | Distributed by Public on 05/01/2026 04:03
Baker McKenzie advises Iberdrola in the sale of its Mexican business for USD 4.2 Billion
Baker McKenzie advises Iberdrola in the sale if its Mexican business for USD 4.2 Billion
Madrid & Mexico City, 29 April, 2026-Baker McKenzie advised Iberdrola in the sale of its remaining assets in Mexico to energy company Cox, in a recently closed transaction valued at USD 4.2 billion. The agreement includes combined-cycle and renewable energy projects at various development stages, in several states of Mexico, totalling around 12,000 MW. This transaction follows the sale of Iberdrola México's 8.5 GW of combined cycle gas plants, a subsidiary of Iberdrola, to Mexico Infrastructure Partners for USD 6.2 billion.
The cross-border Baker McKenzie team was comprised of Antonio Morales (Madrid), Juanjo Corral (Madrid), Luis Fuster (México City/Madrid), Jose Morán (Chicago), Lewis Popoff (Chicago), Reynaldo Vizcarra (Mexico City) & Lorenzo Ruiz de Velasco (Mexico City).
Baker McKenzie is a transactional powerhouse, with more than 2,500 deal practitioners in 45 countries offering leading expertise in the areas most critical for our clients. We excel in complex transactions and cross-border deals - over 65% of our deals are multi-jurisdictional.
Learn more on Iberdrola's website: Iberdrola concluye la venta de su negocio en México - Iberdrola
Madrid & Mexico City, 29 April, 2026-Baker McKenzie advised Iberdrola in the sale of its remaining assets in Mexico to energy company Cox, in a recently closed transaction valued at USD 4.2 billion. The agreement includes combined-cycle and renewable energy projects at various development stages, in several states of Mexico, totalling around 12,000 MW. This transaction follows the sale of Iberdrola México's 8.5 GW of combined cycle gas plants, a subsidiary of Iberdrola, to Mexico Infrastructure Partners for USD 6.2 billion.
The cross-border Baker McKenzie team was comprised of Antonio Morales (Madrid), Juanjo Corral (Madrid), Luis Fuster (México City/Madrid), Jose Morán (Chicago), Lewis Popoff (Chicago), Reynaldo Vizcarra (Mexico City) & Lorenzo Ruiz de Velasco (Mexico City).
Baker McKenzie is a transactional powerhouse, with more than 2,500 deal practitioners in 45 countries offering leading expertise in the areas most critical for our clients. We excel in complex transactions and cross-border deals - over 65% of our deals are multi-jurisdictional.
Learn more on Iberdrola's website: Iberdrola concluye la venta de su negocio en México - Iberdrola
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