BBVA, Santander and BofA plan to finance the purchase of assets from Iberdrola

The three banks are part of a consortium seeking to finance the deal, according to the report, and local banks such as Grupo Financiero Banorte and billionaire Carlos Slim’s Grupo Financiero Inbursa would also be interested.

The report noted that the information was based on people familiar with the talks and added that these negotiations are still in an initial phase.

Earlier this week, Mexico’s President Andrés Manuel López Obrador said the deal to buy 13 Iberdrola power plants would save the country money amid an energy dispute with the United States and Canada under a regional trade pact. .

Bank of America declined to comment on the report, while Banco Bilbao Vizcaya Argentaria, Banco Santander and Iberdrola did not immediately respond to Reuters requests for comment.