en.Wedoany.com Reported - The European Commission has approved the joint acquisition of Saavi Energía and Controladora de Infraestructura Energética México (CIEM) by Grupo México and BlackRock's Global Infrastructure Management. The transaction will consolidate 14 power plants, forming an electricity platform with a total installed capacity of 4,510 megawatts (MW) and a project pipeline of approximately 5,000 MW, with the potential to double power generation capacity in the future.

After evaluating the transaction under the simplified merger procedure, the European Commission concluded that its commercial impact within the European Economic Area is extremely limited and therefore poses no risk to economic competition. The strategic alliance was initially announced in April of this year, with the specific equity structure as follows: Grupo México holds 70% of Saavi Energía, while Global Infrastructure Management retains the remaining 30% through the Global Infrastructure Partners (GIP) platform.

Grupo México stated that this asset consolidation will strengthen Saavi's position as a leading private power generator in the country, building a stronger and more diversified generation portfolio. The alliance also creates opportunities for a long-term commercial relationship with GIP, with both parties potentially exploring new infrastructure development projects in Mexico and other international markets in the future.

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