Hints and tips:
...Nestlé made a similar move with its acquisition of Brazilian premium chocolate maker Grupo CRM earlier this year....
...That is in contrast with rivals such as Nestlé, which this year bought Brazilian premium chocolate maker Grupo CRM, and Mondelez, which in 2021 acquired vegan and Paleo chocolate brand Hu....
...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....
...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....
...The number of disclosed short positions in Europe, for instance, has now jumped to its highest level since May 2020, according to SEI Novus data....
...Spain’s Santander and Hank González’s Grupo Financiero Banorte would also face antitrust scrutiny....
Billionaire Ricardo Salinas expresses interest in acquiring division as US bank shrinks international consumer business
Deal to combine media, content and production to challenge likes of Netflix in Spanish streaming
...Novus is up 59 per cent in the last month....
...Latam Airlines and Grupo Aeroméxico have both filed for bankruptcy protection, while Delta wrote down its investment in Virgin Atlantic by $200m....
...Sites run by Spain’s Grupo Joly, the publishing company, saw a 76 per cent increase in time spent on their pages from February to March, as readers sought details on how the crisis was affecting their neighbourhood...
...This latter sector will see its own exits, however, with Naspers — a South African media group whose prime asset is a 31 per cent stake in Tencent — Mexico’s Grupo Televisa and India’s Zee Entertainment...
....* Univision is adjusting its strategy in concert with Grupo Televisa, the Mexican media company that holds a minority stake in the US group and which provides a large part of Univision’s programming....
...Despegar.com, which sells airline tickets, travel packages and hotels in 20 countries around the region, is now valued at almost $2bn, dwarfing IPOs by the Argentine bank Grupo Supervielle and confectioner...
...If enacted, Brazil’s weight in the MSCI EM index — tracked by an estimated $1.6tn of assets — would fall by 21.8 per cent, with two companies, Grupo Pão de Açúcar, Brazil’s biggest retailer, and Suzano Papel...
...Elsewhere, New York-listed American Depositary Receipts (ADRs) for Argentine lender Banco Macro are down 7.2 per cent while those for rival Grupo Financiero Galicia declined 7.5 per cent....
SEC requests information regarding $350m payment to fund a research centre
Selectively pursuing growth abroad is warranted
...The regulatory approval represents an important milestone in the process, announced last year, to launch a cash tender offer for Delta’s acquisition for up to 49 percent of Grupo Aeromexico S.A.B. de C.V...
...That bid is led by GLP’s chief executive Ming Mei who is working with a consortium that includes a who’s who of China Inc: Fang Fenglei, a director of GLP, along with funds associated with Alibaba’s Jack...
US group was seeking to offload oil asset in corruption probe
...The average interest rate on cash borrowed to secure Grupo Bimbo’s acquisitions, 4.4 per cent, is historically low....
...Three smaller deals which priced in 2016 — Paragon Commercial, Midland State and Argentina’s Grupo Supervielle — are all up....
...Grupo México, which is predominantly a mining company and has a market capitalisation of about $16bn, owns Southern Peru Copper Corp and Asarco....
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