Grupo Mexico completes Saavi deal as Grupo Mexico stock trades at EUR 11.76

Grupo Mexico (ISIN MXP370841019) completed its Saavi Energia transaction on September 8, 2026, creating a power-generation platform with 4.5 GW of installed capacity and leaving Grupo Mexico with a 70 percent stake, as OpenBell AI reported. The deal gives the mining and transportation group a larger energy presence alongside its established copper operations.

First-half earnings set the scale

Grupo Mexico's first-half revenue reached USD 11.28 billion, an increase of 34 percent from the first half of 2025. First-half EBITDA reached USD 6.85 billion, nearly 50 percent above the prior-year period, according to the company's second-quarter earnings call carried by Yahoo Finance on July 22, 2026. The figures show that higher metal prices and stronger volumes were the main earnings engine before the Saavi combination.

Three dates define the story

On July 21, 2026, Grupo Mexico reported second-quarter revenue of USD 5.72 billion and net income of USD 2.20 billion. On July 22, 2026, management said first-half sales reached USD 11.28 billion and mining EBITDA exceeded USD 5.90 billion. On September 8, 2026, the Saavi transaction closed with a 70 percent Grupo Mexico stake and 4.5 GW of installed capacity, according to OpenBell AI.

What does the deal add?

The transaction broadens the company's earnings mix beyond metals. The 4.5 GW platform is large enough to give the energy division a measurable operating role, while the 70 percent stake leaves Grupo Mexico in control of the combined business. Management also described a first-half cash balance of USD 13.30 billion and a total dividend yield of 3.7 percent on the July 22 call.

Stock and listing context

Grupo Mexico's primary listing is on the BMV under ticker GMEXICOB. The stock closed at MXN 244.40 on October 16, 2026, up 2.02 percent that session, according to Global Banking and Finance Review. The quoted BMV range over 52 weeks was MXN 139.28 to MXN 246.54 as of October 16, 2026, placing the local share near the upper end of that interval.

Euro quote stays in focus

Grupo Mexico was trading at EUR 11.76 at Lang & Schwarz on October 19, 2026, at 10:18 a.m. CEST. The combination of a stronger first-half earnings base and the completed Saavi transaction gives investors two concrete measures for judging the company's diversification.

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