Category: Mexico

Citigroup’s Mammoth Mexican Play Citigroup agreed in mid-May to purchase Mexico’s Grupo Financiero Banamex-Accival, the parent company of Banamex, the country’s second-largest bank, for $12.5 billion. Citigroup’s tender offer for […]

The purchase of one of Mexico’s most successful banks has transformed Citigroup into the largest private sector financial institution in Latin America with $49 billion assets in the region.

Mexican Brady Buy Back Mexico reopened its $1.5 billion, 10-year global bond offering in May, first launched January 8. The opening was for $1 billion and the proceeds were used […]

For 36 years, Raúl Muñoz worked in relative obscurity at the Mexican division of a major U.S. chemical company, rising through the ranks to become president of the subsidiary. Then […]

Ricardo Salinas Pliego, the Mexican business leader, has become a target for shareholder rights activists. Here, he gives his side of the story and sets out the far-reaching changes in corporate governance at his group of companies, which includes TV Azteca and the Elektra retail chain.

Vicente Fox met with John Barham, editor of LatinFinance, at Fox’s new offices in the Los Pinos presidential compound in Mexico City. Fox, in his trademark cowboy boots, was relaxed and in high humor as he fielded questions that included reforming Pemex, the national oil company, ending the Zapatista uprising, increasing foreign direct investment and eliminating poverty.

The agenda of Mexico?s new president is emerging, and Vicente Fox appears to be tackling the domestic and international fronts with equal zeal. His strong popularity will help him navigate local political challenges as he seeks to make Mexico a major player in world affairs.

To avoid an increase in its current account deficit and increased pressure on the peso, Mexico needs to synchronize its business cycle with that of the US.

After a costly government rehabilitation program, Mexican banks are re-capitalized, restructured and back in private hands. As consolidation and foreign bank participation peaks, things are looking up for Mexico’s accident-prone banks.

Telmex Spins Off International AssetsMexico’s largest telecommunications company, Telmex, spun off its wireless and international holdings into a new company América Móvil in an offering on the New York Stock […]