Mexico-based food conglomerate Sigma Alimentos announced it plan to take over Spain's meat processing company Campofrio after it agreed to buy 40% of of the Spanish company from its current shareholders.
Tags: Mexico
Kentz expands to US through USD435 million takeover of Valerus
Ireland-based construction and engineering company Kentz has taken over US-based Valerus Field Solutions for USD435 million (EUR316 million) in a deal that will also expose Kentz to Latin American markets.
Hochschild to issue $350M in bonds to fund expansion in Peru, Chile
London-listed Hochschild Mining Plc plans a USD350 million bond issue to finance its expansion projects in Peru and Chile. It intends to invest USD372 million in a silver mine project in Peru and USD1 billion in a gold project in Chile.
China's Shuanghui to fight for control over Campofrio
Hong Kong-based Shuanghui International Holdings intends to offer a counter bid for Spanish meat processor Campofrio. Mexican food company Sigma Alimentos earlier offered Campofrio a takeover deal worth EUR695 million.
Repsol to give recommendation to YPF deal for less than half of its value - sources
On Wednesday, sources disclosed that the board of directors of Spanish oil major Repsol will resolve to agree on compensation for its 51% ownership stake in YPF, of which the latter will be nationalized by the government of Argentina.
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Nissan Motor Co Ltd will build 1 million cars in Mexico by 2016, cementing the country's position as the export hub for the Japanese automaker in the Americas, Chief Executive Carlos Ghosn told Reuters as he inaugurated a $2 billion plant.
Tropical Storm Sonia could bring intense rains in Western Mexico which was hit by flooding in recent months.
Goldman Sachs becomes the latest investment firm to open its own Mexican brokerage firm. Goldman Sachs Group Inc had announced the opening of a local broker-dealer firm in Mexico.
Grupo BTG Pactual got regulatory approval to open a broker-dealer unit in Mexico. Brazil-based Grupo BTG Pactual received approval on Monday from regulatory authorities to establish a new broker dealer operation in Mexico.
On Tuesday, Finance Minister Luis Videgaray said that Mexico had urged the United States to reach an agreement to raise the nation's debt limits to avoid a possible default that could ruin the international reputation of the country.
Alfa, the Mexican conglomerate, had laid out plans to conduct an IPO of its food subsidiary Sigma Alimentos.
According to Axalta CEO Charlie Shaver, the Carlyle owned paint and coatings firm would benefit from car population increases in Mexico and Brazil.
Mexico’s policies on making their oil and gas resources hands-off from private companies has lasted 75 years. They now intend to reform these laws, seeing a potential massive growth since its North American Free Trade Agreement (NAFTA) about twenty years ago.
IFC infuses US $50 million in Credit Suisse Mexico Credit Opportunities Trust, bringing the trust’s total capital to US $550 million.
