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...Wander down the bread aisle of any supermarket there and you will be assailed by a range of products from Grupo Bimbo. Grupo Bimbo is Mexican....
...Grupo Mexico said it had temporarily stopped 60 trains across the country because of “severe risks” to the migrants....
...rise of the beer industry in Mexico, which is now the world’s largest exporter of the drink, shipping out 42mn hectolitres in 2021, up 11.5 per cent compared to the year before, according to Cerveceros de...
Short position disclosed following hefty share price decline
...Grupo México and Apollo declined to comment. Citi bought Banamex in 2001 when it was Mexico’s second-largest bank with a long prestigious history....
...In February, the Financial Times reported that Citi was in exclusive talks to sell Banamex to Grupo México, which is owned by billionaire Germán Larrea....
...In Mexico, where the company aims to open 800 to 1,000 new Oxxo stores this year, Femsa has been trialling new formats to further segment the market, including a cashier-less store in the Tec de Monterrey...
...The country’s biggest dairy company Grupo Lala and its number two bank Santander México were among the departures....
...Slim’s company Grupo Carso last year reached a deal with the city government to pay to repair the line and fund compensation for victims, although it said at the time that it did not accept responsibility...
Technology already available in 18 cities will spread to 120 as chief dismisses move by rival AT&T as ‘test’
Billionaire Ricardo Salinas expresses interest in acquiring division as US bank shrinks international consumer business
Industry bosses forecast global surge in demand for building materials
US president’s plan is the next catalyst for growth in the building materials sector
...Wade Davis, Univision chief executive, will lead the merged company, with Televisa’s Alfonso de Angoitia as executive chair. Marcelo Claure, chief executive of SoftBank, will become vice-chair....
...It then plans to sell the Mexican and Central American operations to Walmart de México, its Mexican unit known as Walmex, for a yet-to-be-determined sum....
...Banorte, Mexico’s third-biggest bank by assets, has agreed to buy Grupo Financiero Interacciones in a cash-and-share deal to create Mexico’s second-biggest financial institution, behind Spanish-owned BBVA...
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