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Sheky Espejo

Mexico IPO woes grow after Mifel pulls listing

11:47pm EDT

MEXICO CITY Mexico's Grupo Financiero Mifel has postponed an initial public offering the bank had hoped to close on Wednesday, according to its announcement to the stock market, a decision first reported by Reuters.

Exclusive: Mexico IPO woes grow after Mifel pulls listing

9:46pm EDT

MEXICO CITY Mexico's Grupo Financiero Mifel has postponed the initial public offering it hoped to close on Wednesday, three sources with knowledge of the deal said, the second highly anticipated listing cancelled this week in a gloomy sign for the country's capital markets.

Exclusive: Grupo Coppel postpones Mexico IPO indefinitely - sources

Oct 16 2018

MEXICO CITY Mexican retailer and lender Grupo Coppel has indefinitely postponed a more-than-$1 billion initial public offering it considered launching this year after the family owners backed out, three people with knowledge of the deal said.

Mexico's Grupo Industrial Saltillo eyes auto parts expansion in Europe

Aug 17 2018

MEXICO CITY Mexican conglomerate Grupo Industrial Saltillo SAB de CV is considering more acquisitions in Europe to expand its auto parts division, its top executive told Reuters.

Mexico's Walmex second-quarter profit beats expectations

Jul 25 2018

MEXICO CITY Mexico's biggest retailer, Walmart de Mexico, reported a second-quarter profit on Wednesday that beat expectations, boosted by higher traffic and strong same-store sales in Mexico.

America Movil says AT&T-Time Warner deal will not change Latam market

Jul 18 2018

MEXICO CITY The CEO of America Movil, Latin America's largest telecommunications company by subscriber numbers, said on Wednesday that AT&T Inc's acquisition of Time Warner will do little to change the telecoms landscape in the region.

Mexico's Volaris shares make hard landing on competition fears

Apr 20 2018

MEXICO CITY Mexican low-cost airline Volaris reported first-quarter results far below market expectations on Friday, sending its shares down by almost a fifth, and analysts said the company faces intense price competition and higher fuel costs.

Mexico's Walmex says same-store sales up 13.5 percent in March

Apr 05 2018

MEXICO CITY Mexico's biggest retailer, Wal-Mart de Mexico , said on Thursday that same-store sales rose in March by the biggest margin in more than 12 years on holiday shopping.

Mexico's Financiero Interacciones sees cheaper loans on Banorte tie-up

Feb 14 2018

MEXICO CITY Mexico's state and municipal government debt sector will likely see lower borrowing costs in the coming months following the acquisition of Grupo Financiero Interacciones by Banorte, Interacciones CEO said on Wednesday.

Mexican Senate passes fintech law

Dec 06 2017

MEXICO CITY Mexico's Senate on Tuesday approved a bill that would regulate its fast-growing financial technology sector, including crowdfunding and cryptocurrency firms, paving the way for a vote by the lower house.

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