companies-featured
Vitro says it will prepay convertible debt
Reuters - Mexican glassmaker Vitro, which went through a bankruptcy reorganization in 2011, said it will pay down convertible debt due to expire in 2015. Vitro said it will pay debt and interest on the notes, a total of $122.4 million.
www.reuters.com/article/2013/06/11/mexico-vitro-idUSL2N0EN1CH20130611
Gruma seeks World Bank help in Venezuela talks
Reuters - Mexican corn miller and tortilla maker Gruma said it has asked the World Bank to arbitrate in its negotiations with Venezuela over the nationalization of its factories there in January.
www.reuters.com/article/2013/06/11/venezuela-gruma-idUSL2N0EN00020130611
Office Depot is saying adios to Mexico
Motley Fool - Office Depot, still in the process of merging with peer OfficeMax, will be bringing a slimmer self to the marriage of equals. Office Depot announced Tuesday that it will offload its 50 percent stake in its joint venture with Gigante.
www.fool.com/investing/general/2013/06/04/news-office-depot-says-adios-to-mexico.aspx
Cemex plans $100 million investment in Egypt
Reuters - Mexico's Cemex, one of the world's biggest cement companies, plans to invest around $100 million to improve its operations in Egypt, the company said in a statement on Monday.
www.reuters.com/article/2013/06/03/mexico-cemex-idUSL1N0EF1V920130603
Homex getting closer to having to restructure debt
Bloomberg - Desarrolladora Homex’s bonds are signaling that not even a lifeline from billionaire Carlos Slim can prevent Mexico’s biggest homebuilder from joining industry rivals in restructuring its debt.
Philip Morris to buy remainder of Carso tobacco firm
Dow Jones - Philip Morris International has agreed to buy Grupo Carso's 20 percent stake in its Mexico tobacco business for about $700 million, giving the tobacco company complete ownership of its Mexican unit.
Wal-Mart ordered to provide more data in bribery case
Huff Post - A judge in Delaware ordered attorneys for Wal-Mart Stores Inc. to turn over more information to shareholders seeking records on how the company responded to allegations of bribery involving its operations in Mexico.
www.huffingtonpost.com/2013/05/20/walmart-mexico-bribery-case_n_3307892.html
Grupo Hevi said to be exploring sale
Bloomberg - Grupo Hevi, the closely held owner of Mexico’s Telecable TV service, has hired Barclays to explore a sale. A sale would put one of the biggest remaining independent cable companies in Mexico up for grabs. The firm could fetch more than $500 million.
www.bloomberg.com/news/2013-05-18/mexico-s-grupo-hevi-said-to-hire-barclays-to-explore-sale.html
Plaintiffs in Yahoo case say they will appeal court ruling
Reuters - Two Mexican firms embroiled in a contractual dispute with Yahoo will appeal a court ruling that overturned an earlier $2.75 billion judgment in their favor, a director of the companies said on Friday.
news.yahoo.com/plaintiffs-mexico-yahoo-case-appeal-court-ruling-205028780.html
Femsa eyes transforming pharmacy chains
NACS - Fomento Economico Mexicano (FEMSA), which owns OXXO, a chain of more than 10,500 convenience stores across Mexico, now wants to expand the pharmacy chains it recently purchased: the Farmacias Yza and Farmacias YM Moderna.
www.nacsonline.com/News/Daily/Pages/ND0517136.aspx#.UZYuUsq9tL8
