Grupo México announced a definitive agreement to integrate its electricity generation assets with Saavi Energía , a company in the portfolio of Global Infrastructure Partners (GIP), part of BlackRock, in a transaction valued at USD 880 million.
The transaction, led by its Infrastructure Division, aims to consolidate a larger-scale generation platform with a focus on renewable technologies. The new structure will result in a diversified portfolio of 14 power plants located in key high-demand areas of Mexico, reaching a combined installed capacity of 4,510 MW.
This is in addition to a growth pipeline of nearly 5000 MW, where an increase in its renewable capacity of almost 200% is expected, in line with the country's energy transition.
Following the closing, expected in the third quarter of 2026 subject to regulatory approvals, Saavi will be 70% controlled by Grupo México and 30% by GIP. The integration will optimize operations, capture synergies, and strengthen the portfolio's resilience, with a focus on more sustainable solutions adapted to the evolving electricity demand.
In addition, the combined platform will have an indicative valuation of around USD 5.5 billion and a projected EBITDA of USD 675 - USD 725 million for the current year.
In this way, Germán Larrea, the second richest man in Mexico, is doubling down on his investment in the energy sector in Mexico and will seek to strengthen his role in private electricity generation in the country, combining existing infrastructure with new renewable developments. Furthermore, the alliance opens the door to future joint investments in energy infrastructure both locally and internationally, reinforcing his long-term commitment to the Mexican market.