DLA Piper advised Spanish multinational water and energy company Grupo Cox in its acquisition of Spanish energy firm Iberdrola’s assets in Mexico for $4.2 billion. (Photo: Iberdrola Mexico)
Carlos Albarracín, Milbank and Francisco J. Cerezo, Mauricio Valdespino, Edgar Romo and Robert da Silva Ashley, DLA Piper. (Latinvex collage)
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Wednesday, May 20, 2026
DLA Piper, Milbank Advise Cox Deal, Offer
Firms advised Cox-Iberdrola deal, financing and US debt offer.
BY LATINVEX STAFF
DLA Piper and Milbank advised multi-billion work for Spanish energy company Cox related to its Mexico business.
DLA Piper advised the closing of the $4.2 billion acquisition of Iberdrola’s Mexico assets and related financing by Cox, while Milbank advised on the $2 billion offer in the US capital markets for Cox Asset México, which was used to partially finance the Iberdrola deal.
Keywords: Capital Markets, DLA Piper, Energy, Finance, Mexico, Milbank, M&As
