Key Developments: Mexichem SAB de CV (MEXCHEM.MX)

MEXCHEM.MX on Mexico Stock Exchange

44.92MXN
26 Dec 2014
Price Change (% chg)

$0.44 (+0.99%)
Prev Close
$45.05
Open
$45.00
Day's High
$45.39
Day's Low
$44.66
Volume
1,023,443
Avg. Vol
2,914,495
52-wk High
$58.49
52-wk Low
$39.77

Search Stocks

Latest Key Developments (Source: Significant Developments)

Mexichem SAB de CV completes acquisition of VESTOLIT
Monday, 1 Dec 2014 07:22pm EST 

Mexichem SAB de CV:Says that it has completed the acquisition of VESTOLIT GmbH.Mexichem completed the acquisition after receiving all relevant regulatory approvals.VESTOLIT was acquired from funds managed by Strategic Value Partners LLC for a total purchase price of 219 million euros in cash and assumed liabilities.  Full Article

Mexichem SAB de CV Fitch rating maintained
Tuesday, 11 Nov 2014 03:52pm EST 

Mexichem SAB de CV:Fitch Ratings has affirmed its Issuer Default Rating (IDR) in national and foreign currency at BBB, national long-term credit rating at AA+(mex).Outlook stable.  Full Article

Mexichem SAB de CV gives Q4 2014 EBITDA guidance- Conference Call
Tuesday, 28 Oct 2014 11:00am EDT 

Mexichem SAB de CV:Expects Q4 2014 to report double digit EBITDA growth compared to Q4 2013.Reported EBITDA of 2.226 billion mexican pesos in Q4 2013.Q4 2014 EBITDA of 3.143 billion mexican pesos - Thomson Reuters I/B/E/S.  Full Article

Mexichem SAB de CV announces issues $750 million bond
Wednesday, 10 Sep 2014 07:07pm EDT 

Mexichem SAB de CV:Says that it placed a 144A / Reg S $750 million thirty year bond.Says the offering priced at a spread of 270 basis points over 30-year US Treasury Bills, reflecting the market's confidence in the company's strategy, future prospects and disciplined financial management.Says the offering, which is payable at maturity, was several times oversubscribed, with more than 150 participating investors.Says the proceeds of the deal will be used for purposes including refinancing of short term debt, the funding of recent acquisitions and general corporate purposes.  Full Article

S&P affirms Mexichem SA de CV's credit ratings
Tuesday, 26 Aug 2014 07:23pm EDT 

Mexichem SAB de CV:Standard & Poor's Ratings Services has affirmed its long-term credit rating on company on global scale at BBB-, long-term credit rating on national scale -CaVal- at mxAA and short-term credit rating at mxA-1+.Outlook stable.  Full Article

Moody's upgrades Mexichem SAB de CV's rating on global scale
Monday, 25 Aug 2014 09:48am EDT 

Mexichem SAB de CV:Moody's has upgraded company's rating on global scale to Baa3 from Ba1.Outlook stable.  Full Article

Mexichem SAB de CV to acquire Dura-Line for $630 mln
Monday, 18 Aug 2014 11:08am EDT 

Mexichem SAB de CV:Reaches an agreement to acquire Dura-Line Corporation from CHS Capital for a total of $630 million in cash and assumed liabilities.Dura-Line is in high-density polyethylene (HDPE) conduit, duct and pressure-pipe solutions for telecom and data communications, energy and infrastructure industries.Transaction is expected to close by the end of the third quarter of 2014.  Full Article

Mexichem SAB de CV agrees to acquire VESTOLIT
Tuesday, 5 Aug 2014 09:56am EDT 

Mexichem SAB de CV:Signs definitive agreement to acquire VESTOLIT GmbH (VESTOLIT), Europe`s PVC manufacturer, from accounts and funds managed by Strategic Value Partners LLC.Says total is 219 mln euros in cash and assumed liabilities, supporting Mexichem's strategy of global growth in high-end specialty products.Acquisition is expected to close in fourth quarter of 2014.At that point, Mexichem will consolidate VESTOLIT under Company's Chlorine Vinyl chain for accounting purposes.  Full Article

Mexichem and consortium win Cactus project
Tuesday, 15 Jul 2014 11:24am EDT 

Mexichem SAB de CV:Consortium consisting of Mexichem, Enesa Energia SA de CV and Invenergy Clean Power LLC has won Cogeneracion Cactus project.Estimated start of Cogeneracion Cactus commercial operation is first half of 2018.Project investment value about $650 million.  Full Article

S&P affirms its credit ratings on Mexichem
Tuesday, 3 Jun 2014 07:07pm EDT 

Mexichem SAB de CV:Standard & Poor’s Ratings Services has affirmed its global long-term credit rating on company at BBB- , its national long-term rating at mxAA and short-term rating at mxA-1+.Outlook stable.  Full Article

EU mergers and takeovers (Nov 24)

BRUSSELS, Nov 24 - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

Search Stocks