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Grupo Mexico to Merge Power Unit With BlackRock-Backed Saavi

By Bloomberg Markets April 27, 2026 Neutral
Grupo Mexico to Merge Power Unit With BlackRock-Backed Saavi
Mexican mining and railroad conglomerate Grupo Mexico has struck a deal to merge its electricity generation operations with a BlackRock Inc. unit, creating one of the country’s biggest private power operators.
Mexican mining and railroad conglomerate Grupo Mexico has struck a deal to merge its electricity generation operations with a BlackRock Inc. unit, creating one of the country’s biggest private power operators.