AMLO: Iberdrola/CFE deal key to maintaining low rates
· Mexican Finance Minister Rogelio de la O. provided new details on the deal mechanics behind Iberdrola’s sale of 13 power plants to the federal government Wednesday, valuing the deal at US$5.943 billion. The minister said that Fonadin will pay for 51% of US$2.5 billion or just over US$1.25bn to acquire 51% of the units. This amount, he said, “represents 51% of the venture capital” to finance the purchase. Institutional Investors will apparently provide the other 49% of the equity capital.
Keep reading with a 7-day free trial
Subscribe to Miranda Intelligence Newsletters to keep reading this post and get 7 days of free access to the full post archives.