Dow Jones - Satellite operator Satelites Mexicanos, or Satmex. said late Tuesday night that a group of creditors opposes the sale of the company to a group of U.S. and Mexican investors in a transaction worth up to $374 million.Companies
57% of Mexican execs predict recovery in 2011
El Semanario - - Fifty-seven percent of senior company executives in Mexico don't expect the economy to recover from 2009's severe recession until 2011, despite current signs of a recovery in the country.
Grupo Lar plans to invest 46 percent more this year
Sentido Comun - Grupo Lar, one of the largest real estate groups in Spain, said it plans to invest 476 million pesos ($37.62 million) this year in the Performa y Polaréa real estate projects in Mexico City and the Horizontes Ordaz project in Monterrey, or 46 percent more than it invested in 2009.
GAP passengers decline 4.5 percent
Sentido Comun - Grupo Aeroportuario del Pacifico said in a press release that the number of passengers who visited their air terminals fell 4.5 percent -- 6 percent in domestic passengers and 2.4 percent in international passengers.
Truck sales, production, exports increase
Sentido Comun - The sale, production and export of buses and trucks increased in February for the second consecutive month. Last month, truck sales rose 12.8 percent over the same month last year, its second consecutive increase and the highest since July 2008.
Kansas City Southern buys rail-truck facility
Kansas City Star - Kansas City Southern has bought the Puerta Mexico rail-truck facility in Toluca in the state of Mexico. Later this month, the railway plans to add direct train service from Puerta Mexico to Lazaro Cardenass, a port on Mexico’s west coast.
www.kansascity.com/2010/03/08/1798817/noteworthy-kc-southern-center.html
AMB property fund to target Mexico's afores
Reuters - San Francisco-based AMB Property Corp., which invests in distribution hubs, expects to soon offer a new commercial real state fund in Mexico that aims to draw investment from the nation's 14 private pension funds, which control $85 billion.
Infonavit housing starts up 44 percent
Dow Jones - Mexico's largest home lender, federal housing fund Infonavit, said Monday that new housing starts rose 44 percent during the first two months of 2010 as the housing industry recovers from last year's slump. New housing starts rose to 69,164 units.
Mexico textile industry slips during 2009
Dow Jones - Mexico's textile and apparel exports to the U.S. fell by 16 percent in 2009 to $4.14 billion compared with the previous year, the National Textile Industry Chamber said. The figures, based on U.S. government statistics, put Mexico far behind leading exporter China, and trailing Vietnam and India.
Telefonica eyes group to bid of fiber optics
Reuters - Spain's Telefonica might team up with small telephone and cable operators in Mexico to bid on a fiber optic network meant to challenge tycoon Carlos Slim's empire, Francisco Gil, head of Telefonica in Mexico, told reporters on Monday.
CNE buys $17 million stake in Mexican Bolsa
Bloomberg - CME Group Inc., owner of the world’s largest futures market, paid $17 million for a 1.9 percent stake in Mexican stock exchange Bolsa Mexicana de Valores to expand in Latin America. Customers of each company will get access to derivative contracts offered by the other exchange.
