Hints and tips:
...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...
...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....
...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...
...Grupo México Transportes (GMXT) made its bet on railroad integration one day before offers are due in a tender for Mr Trump’s planned border wall....
...Cementos de Chihuahua, another Mexican company, has said it could be a supplier....
A weaker currency and higher interest rates bode ill for domestic stocks
...The average interest rate on cash borrowed to secure Grupo Bimbo’s acquisitions, 4.4 per cent, is historically low....
...According to Grupo México’s 2014 annual report, Mr Larrea Mota-Velasco holds 12.85 per cent in the company, making him the second largest shareholder behind Empresarios Industriales de México, a company...
...Six companies have listed this year, up from five in 2014, including car parts manufacturer Nemak, real estate developer Grupo Gicsa SAB and construction conglomerate Elementia....
...AB InBev is an acquisition machine that has swallowed up Interbrew, Anheuser-Busch and Grupo Modelo....
...Grupo Aeroportuario del Pacifico, the private operator of Tijuana airport, paid $12.4m for its half of the bridge and Otay Tijuana Venture, a private investment group led by Sam Zell, a Chicago real estate...
...Grupo Salinas has not yet announced who will be running its new banking unit – or whether, as the Excelsior columnist said, it would be called Acertumbank, and dismissed all reports as gossip....
...In recent days, AT&T completed the purchase of Mexico’s third-largest wireless company Iusacell for $2.5bn from Grupo Salinas, and announced an agreement to buy Nextel Mexico from NII Holdings for $1.8 bn...
...The DoJ rejected the initial concessions offered in the Anheuser-Busch takeover of Mexico’s Grupo Modelo....
...Alberto Baillères, head of Grupo Bal, which counts silver producer Peñoles y Fresnillo among its companies (as well as upscale department store the Palacio de Hierro), has launched a new oil company, called...
...That, at least, is the pitch from Mexico’s Grupo Azteca, part of businessman Ricardo Salinas’s finance, retail and TV empire....
...Here’s Mr Hank on what lies ahead: Today’s changes … will contribute to strengthening the corporate governance of Grupo Financiero Banorte, marking the beginning of a new era of collaboration between all...
US wireless company buys Nextel Mexico from bankrupt NII Holdings for $1.9bn
Family control of the Mexican bank is a risk. But there are opportunities, too
...Though Mexican conglomerates such as Carlos Slim’s Grupo Carso and Grupo México, a mining and railway giant, have signalled their intent to move into energy, domestic capital will probably be hard pressed...
Questions remain whether regulations will improve competition
...Mexico’s economy is geared to its neighbour, even though investors pay up for the privilege: Grupo Bimbo, a bakery group, is on a forward P/E ratio of 22....
International Edition