April 13 (Reuters) – Banco Bilbao Vizcaya Argentaria (BBVA.MC), Banco Santander SA (SAN.MC) and Financial institution of America Corp (BAC.N) collectively plan to fund Mexico's $6 billion deal to buy energy vegetation from Spain's Iberdrola (IBE.MC), Bloomberg Information reported on Thursday citing folks accustomed to the talks.
The three lenders are amongst a consortium trying to finance the deal, the report stated, with native banks corresponding to Grupo Financiero Banorte and billionaire Carlos Slim's Grupo Financiero Inbursa additionally .
Talks are nonetheless at an early stage, the report added.
Earlier this week, Mexico President Andres Manuel Lopez Obrador stated the deal to purchase 13 energy vegetation from Iberdrola is saving the nation cash amid an power dispute with america and Canada beneath a regional commerce pact.
The Financial institution of America declined to touch upon the report, whereas Banco Bilbao Vizcaya Argentaria, Banco Santander SA and Iberdrola didn't instantly reply to Reuters' requests for remark.
Reporting by Nilutpal Timsina in Bengaluru; Enhancing by Krishna Chandra Eluri
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