Grupo Mexico completed Saavi deal as Grupo Mexico stock costs EUR 11.74

Published on 10/12/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Grupo Mexico stock costs EUR 11.74 on October 12, 2026. Q2 net income rose 79.00 percent to USD 2.20 billion on higher copper prices.

Key points in brief

Grupo Mexico completed its Saavi Energia transaction on September 8, 2026, creating a 70 percent-owned power platform.
Second-quarter 2026 net income rose 79.00 percent year over year to USD 2.20 billion.
The stock was at EUR 11.74 at Lang & Schwarz on October 12, 2026, at 11:15 a.m. CEST.
Morgan Stanley maintained a Hold rating and set a MXN 236.00 target on October 7, 2026.

FEMSA, MXP370841019, Illustration mit AI erstellt.

Grupo Mexico (ISIN MXP370841019) completed its Saavi Energia transaction on September 8, 2026, while its stock was at EUR 11.74 at Lang & Schwarz on October 12, 2026, at 11:15 a.m. CEST. The deal gives Grupo Mexico a 70 percent stake in a power-generation platform with 4,510 megawatts of installed capacity, according to ApartadoMex.

Three milestones shape the story

On April 27, 2026, Grupo Mexico announced the planned combination of its power-generation assets with Saavi Energia. On July 21, 2026, the company reported second-quarter net profit of USD 2.20 billion, up 79.00 percent year over year, as higher copper prices supported earnings, according to Ticker Report.

The transaction closed on September 8, 2026. The combined platform includes 14 facilities and a development pipeline of 5,000 megawatts, while Global Infrastructure Partners retains 30 percent, according to Sullivan and Cromwell.

What does the earnings growth mean?

Revenue reached USD 5.72 billion in the second quarter of 2026, while profit was USD 2.20 billion, according to Yahoo Finance. The result gives the mining division the central role in the current earnings picture, but the Saavi deal broadens the companys exposure beyond metals into electricity generation.

Analyst target stays below the market peak

Morgan Stanley analyst Carlos De Alba maintained a Hold rating and set a MXN 236.00 price target on October 7, 2026, according to Markets Insider. Grupo Mexico closed at MXN 242.10 on the BMV on October 9, 2026, versus a 52-week range of MXN 139.28 to MXN 243.65, leaving the target below the recent market level.

Next reporting date is October 27

TradingView lists October 27, 2026, as the next earnings date and identifies Grupo Mexico Class B under ticker GMEXICO/B on the Mexican Stock Exchange. That calendar date places the next results update after the strong second-quarter figures and the completed power transaction.

Stock price and company profile

Grupo Mexico was at EUR 11.74 at Lang & Schwarz on October 12, 2026, at 11:15 a.m. CEST. Its primary listing is BMV in Mexico, where the October 9, 2026, market capitalization was MXN 1.9 trillion.

The further course of trading is shown by the continuously updated real-time quote of Grupo Mexico stock.