AGR Announces 18% Year-Over-Year Adjusted Earnings Growth
The Mexican government will pay Spanish power company Iberdrola for the purchase of 13 plants in the country on Feb. 26, the nation's president said on Friday. The announcement from President Andres Manuel Lopez Obrador in a regular press conference comes a day after Mexico's antitrust regulator Cofece conditionally approved the purchase. The purchase, worth $6 billion, will bring the state up to controlling 60% of the nation's electricity generation, Lopez Obrador said, praising Cofece for the authorization.
(Bloomberg) -- President Andrés Manuel López Obrador tightened his grip on Mexico’s power industry Thursday after getting a green light to buy a majority stake in Iberdrola SA’s energy assets.Most Read from BloombergHawaii Rightly Rejects Supreme Court’s Gun NonsensePutin Steps Into US Race to Back ‘Old-Style’ Biden Over TrumpAlexey Navalny, Jailed Activist Who Defied Putin, Dies at 47Japan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionApple Readies AI Tool to Rival M