Mexican President Andres Manuel Lopez Obrador said his country isn’t in the business of canceling contracts with private companies even as he shied away from directly addressing a battle between Mexico’s state-owned power company and Wall Street giant Goldman Sachs Group Inc.
“We’re recognizing the contracts in all cases. I don’t have details about this operation. I’ll get information and I’ll provide it here, but they’re not canceling the contracts,” Lopez Obrador said, discussing the issue publicly for the first time. He spoke about the dispute between the utility he’s championed and the U.S. bank during a press conference Friday.