PARIS (Dow Jones)--French state-controlled electricity group Electricite de France (1024251.FR), or EdF, Friday said it has finalized its exit from Mexico through the sale of its assets to Spanish group Gas Natural SDG SA (GAS.MC) for $1.4 billion.
The deal is in accordance with an agreement between the companies signed in October this year and corresponds to the company's goal of focusing on Europe and nuclear power.
Gas Natural will take control of five gas combined-cycle production units in Mexico with a total capacity of 2,233 megawatts, as well as the operating company Comego and 53 kilometers of gas pipeline.