Mexico's Cofece Approves CFE's Purchase of 13 Iberdrola Power Plants

CORDOBA, ARGENTINA--February 22, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--On February 15, the Mexican antitrust watchdog Comisión Federal de Competencia Económica (Cofece) gave conditional approval for the purchase of 13 power plants belonging to the Mexican subsidiary of Iberdrola Group (Bilbao, Spain) by investment fund Mexico Infrastructure Partners FF, S.A.P.I. de C.V. (MIP) in conjunction with the National Infrastructure Fund (Fonadin). There are still a few final steps for final authorization by Cofece, and the acquisition must be concluded within six months.