Goldman Sachs Inc. has signed a deal with Ainda Consultores, a Mexican consultancy firm, to make pertinent joint investments in the Latin American country's energy infrastructure, according to NASDAQ News.
The source of the information, who opted to remain anonymous, further stated that the partnership of the two firms, which was finalized in December, would be made on a strictly deal-by-deal basis, with Goldman's merchant banking division agreeing to put up at last 50 percent of the equity in future projects.
For its part, Ainda would reportedly invest up to $1.15 billion in projects with the American firm. The projects would be quite prominent and wide-reaching, with the two firms' investments to span the country's oil and gas, power, transportation and water infrastructure sectors, reports All Media NY News.
After the country's overhaul of energy laws back in 2013, Mexico has been on the move to encourage private investors in its oil, gas, and electricity industries. Just last year alone, the Mexican government held three auctions of oil and gas fields for private investors.
Goldman Sachs has been one of America's financial institutions that seemingly stay afloat regardless of the ongoing global economic crisis. On Wednesday's trading, and with bank stocks going down across the board, Goldman was one of the banks which registered the smallest drop in shares, only falling 2 percent, according to The Wall Street Journal.
