Iberdrola hired Barclays to sell assets in Mexico for $4.70 billion, El Confidencial says
Iberdrola's assets are worth about 4 billion euros ($4.70 billion), El Confidencial said, adding that the utility seeks to sell on concerns about the legal and tax stability in the country.
Iberdrola already sold 55% of its assets in the country to the Mexican government for $6 billion in 2024, which the Mexican government called at the time a "new nationalisation" of the electricity market.
The deal was in large part designed to give Mexico's state-owned power company Comision Federal de Electricidad (CFE) majority control over the local power market.
Iberdrola declined to comment, while Barclays did not immediately respond to a request for comment.
($1 = 0.8518 euros)
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