Cox

Cox recognized at La Noche de la Energía for the acquisition of Iberdrola México

  • Cox has received an award at La Noche de la Energía, organized by El Periódico de la Energía, in recognition of its acquisition of Iberdrola México. The award highlights a strategic and transformational transaction that has marked a turning point in the company’s history and reinforces its position as a global integrated water and energy utility.

 

Cox was one of the key players at the 2026 edition of La Noche de la Energía, the annual event organized by El Periódico de la Energía, after receiving recognition for its acquisition of Iberdrola México, one of the most significant corporate transactions in the energy sector in recent years.

The award recognizes a landmark transaction in the company’s evolution, further strengthening Cox’s position as a global integrated water and energy utility. The acquisition has enabled the Group to achieve a significant step change in scale, strengthen its presence in one of its strategic markets, and accelerate the delivery of the objectives set out in its growth roadmap.

The transaction brings to Cox a leading energy platform in Mexico, with more than 2,600 MW of installed operating capacity, a 12 GW generation project pipeline, and the country’s largest private energy supplier, with a market share exceeding 25%. It also reinforces the company’s commitment to Latin America and enhances its ability to drive long-term growth and sustainable value creation.

According to information disclosed by the company, the integration of both businesses is expected to generate revenues of €2.551 billion and EBITDA of €786 million, representing a doubling of revenues and a tripling of EBITDA compared with Cox’s figures prior to the transaction.

This recognition is also a tribute to the effort, commitment, and collaborative work of the teams involved throughout the process. The complexity of an operation of this scale required the contribution of professionals from multiple disciplines, whose dedication was instrumental in turning this project into a reality.

The award was received on behalf of Cox by Javier García Arenas, Chief Strategy & Corporate Officer, and Bárbara Díaz, Director of Corporate Finance. The recognition received at La Noche de la Energía highlights the strategic impact of the Iberdrola México acquisition and reinforces Cox’s commitment to an integrated water and energy management model aimed at driving sustainable growth and long-term value creation.

Share this article

Related articles

The multinational achieves, thanks to its proven experience in water resources management, its first award in the country

Luis Arizaga Zárate

Independent Director

Member of the Audit Committee

Date of appointment: September 17, 2024

Shareholding in Cox Abg Group, S.A.: 11,514 shares

Partner of Exus Management Partners (Exus) and GenuX Power, a global renewable energy platform with offices in nine countries, managing 11GW of installed capacity, including 2.6GW in Mexico between wind and solar energy projects. Holds a Master of Business Administration (MBA) from the Leonard N. Stern School of Business at NYU in New York, and a bachelors degree in Accounting and Finance from ITESM in Mexico.

Prior to joining EXUS in 2019, he founded EIRA Capital, an investment platform focused on Energy and Infrastructure transactions in Mexico, and Latin America. He was also part of Australia’s Macquarie Group in Latin America, where he spent more than 7 years in the Macquarie Capital and Macquarie Funds divisions, working on fund capital raising, equity investments, asset management activities, as well as third party advisory roles on energy and infrastructure transactions in Mexico and Latin America. During his years at Macquarie, he also held board positions in the several investments made by Macquarie which covered energy, public private partnerships, roads, and telecom companies. In addition, his previous involvement at financial institutions include positions in the investment banking teams of Deutsche Bank’s M&A group in New York, and Citibank’s M&A group in Mexico.

Other former relevant positions include his role as independent member of the investment committee of the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Mexican mortgages and housing government agency).

Enrique Riquelme Vives

Presidente Ejecutivo

Fecha de nombramiento: 17 de septiembre de 2024

Participación en el capital social de Cox Abg Group, S.A.: 50.612.744  acciones

Presidente Ejecutivo de Cox, tras iniciar su andadura profesional en el sector inmobiliario y de la construcción, en 2010 fundó Grupo El Sol en Panamá, especializado en operaciones de minería, cemento, infraestructuras y energía. Con el tiempo, la empresa se convertiría en el mayor proveedor de arena de la UTE responsable de la ampliación del canal de Panamá. Posteriormente, pasó a liderar las fases de oferta y desarrollo de Rainbow 50: el proyecto fotovoltaico de mayor envergadura ejecutado en América Latina hasta aquel momento.

Ha recibido varios galardones por su contribución al mundo empresarial en España, entre ellos el Premio del Certamen Nacional de Jóvenes Emprendedores 2018. También ha sido distinguido como uno de los «100 latinos más influyentes comprometidos con la acción climática» y uno de los «100 españoles más creativos del mundo de los negocios» según la revista Forbes. Actualmente, es miembro del Consejo Internacional de la San Telmo Business School y preside el Consejo Asesor de la Fundación Scholas para Panamá, Centroamérica y Caribe.