MEXICO Trends and Developments Contributed by: Michell Nader and Julián J Garza, Nader Hayaux & Goebel
nowadays; however, it would not be a surprise to see changes in sensitive industries such as automobiles, metallurgy, transportation, energy and agricultural products. The ultimate results will continue to have a deep impact on the intricate relationship between the United States and Mexico. Financial Services, Fintech and IT The M&A-related activity in the financial, fintech and IT sectors that we described for 2025 is likely to continue during 2026. Commercial banks and non- banking institutions are expanding their presence in the Mexican market, with the addition of new players, particularly in the offering and commercialisation of digital banking and financial products. Acquisitions, mergers and consolidations will follow. It is particularly interesting to see the evolution of start-ups, IT-driven companies and credit institutions into more robust entities offering a variety of products and services through more complex vehicles. Also, larger existing entities are acquiring, merging into or joint-venturing with new and sophisticated tech businesses. Mexico continues to be a hub for innovation in the fintech industry and the development of new unicorns, and has taken a leading role in developing technology that facilitates financial transactions and the advance - ment of the digital economy. A number of financial entities have been evolving and expanding their abil - ity to penetrate the financial markets. Entities such as Mexican “sofoms” or “sofipos” may continue to evolve into banks or other sorts of financial institu - tions. M&A activity has significantly increased in this sector and is expected to continue to do so during 2026, to the extent economic circumstances permit. There will be new and far more complex investments, consolidations and combinations involving institution - al investors, private equity funds, venture capital funds and entrepreneurs. Not only North American entities continue to show interest in Mexico’s financial indus - tries, but also both European and Asian companies. There continue to be solid opportunities in the con - sumer and commercial loan industries. Electricity, Renewables and Infrastructure Projects The current administration continues to show its will - ingness to advance renewables projects to enhance
Mexico’s electricity capabilities. Changes and actions are taking time, though. Mexico’s potential to produce renewable energy is extraordinary, in terms of both geographical location and infrastructure development experience. Companies need to have access to more and modern alternative supplies of electricity and energy. M&A activity in this sector is therefore likely to increase. There is an increase in distributed generation and isolated supply projects to address the electricity needs of commercial and industrial off-takers. The new administration has also set out its renewed interest in private investment in certain infrastructure industries, including toll roads, trains, ports and logis - tics-related capabilities. On 3 February 2026, Mexico’s Ministry of Finance and Public Credit presented an outline of the Infrastruc - ture Investment Plan for Development with Wellbeing 2026–2030, setting out general guidelines and objec - tives of the government’s infrastructure strategy for the current administration. The Plan contemplates a cumulative investment of up to the Mexican peso equivalent of approximately USD322 billion, to be carried out through public and mixed investment structures, and seeks to define sec - toral priorities as well as guide private capital partici - pation in strategic projects. Investment would be primarily allocated to the follow - ing sectors: energy, railways, highways, ports, health - care, water, education and airports, with the following strategic highlights: • Private sector participation: Mixed public and private participation is expected, while maintaining the state’s guiding role in strategic projects, includ - ing the possibility of majority state participation. • Financing and investment vehicles: The Plan refers to the intended combined use of development banks, guarantees, hybrid contracts, capital mar - kets, commercial banking and specialised vehicles. The Plan outlines potential use of specialised funds and structures aimed at attracting institutional capital, reducing financing costs and enhancing transparency standards.
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