# Spanish corporate investment in Latin America > Live situation record from CLSTR: https://clstr.news/situations/spanish-corporate-investment-in-latin-america > Updated: 2026-09-11T08:38:00.000Z. Sources: 6. Developments: 2. Spanish companies are expanding their presence in Latin American markets, specifically Mexico and Brazil, through acquisitions, concessions, and industrial expansion. In the energy sector, Cox acquired Iberdrola Mexico for $4 billion, establishing the country as a strategic regional hub. This follows the awarding of a $304 million contract for a major desalination plant in Mexico. To support these operations, Cox Asset México closed an $800 million hybrid capital issuance in the United States. The proceeds are intended to refinance a $733 million term loan used for the Iberdrola México acquisition. This issuance, which was oversubscribed by more than three times, marks the first time a non-financial Spanish company has conducted a dollar-denominated hybrid capital placement. In the financial sector, Santander has announced plans to launch a share exchange offer for its remaining 10% stake in Santander Brasil, a transaction valued at up to €1.908 billion, to increase its exposure to the Brazilian market. ## Timeline ### 2026-09-11: Cox Asset México closes $800 million hybrid capital issuance Cox Asset México has closed an $800 million hybrid capital issuance in the US to refinance the acquisition of Iberdrola México, marking a first for a non-financial Spanish company. 2 sources. https://clstr.news/cluster/cox-asset-mxico-closes-800-million-hybrid-capital-issuance ### 2026-09-10: Spanish companies increase investment in Mexico and Brazil Spanish firms are intensifying selective investments in Mexico and Brazil, highlighted by Cox's $4 billion acquisition of Iberdrola Mexico and Santander's strategic move in the Brazilian financial market. 4 sources. https://clstr.news/cluster/spanish-companies-increase-investment-in-mexico-and-brazil --- Cite as: Spanish corporate investment in Latin America. CLSTR, https://clstr.news/situations/spanish-corporate-investment-in-latin-america