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Spain's Iberdrola bets on Mexico projects

Thursday, November 20, 2014

Mexico is expected to the main operational and business hub in Latin America for Spain's electric utility firm Iberdorla, the companies chief financial officer José Sainz said.

Speaking at a conference organized by the Madrid stock exchange, Sainz said that by 2020, Iberdrola will invest some $6.2 billion in Mexican projects.

He added that over the next years, 25 percent of the company's business will come from Mexico and Brazil.

Source (in Spanish): Notimex