Companies

Companies

Mediators offer solution to Luz y Fuerza dispute

La Jornada - The group of mediators between the Mexican Electricians Union (SME) and the federal government suggested on Friday night a series of guidelines aimed at preventing the escalation of the conflict over dissolution of Luz y Fuerza del Centro and laying a foundation for its solution.

www.jornada.unam.mx/2010/01/09/index.php

Grupo Posadas raises $200 million in bond sale

Dow Jones - Mexico's largest hotel chain operator, Grupo Posadas, raised $200 million in a five-year bond deal Friday as the company looks to refinance debt that is maturing over the next two years.

online.wsj.com/article/BT-CO-20100108-710198.html

Deutsch Bank cuts Coca-Cola Femsa to sell

Dow Jones - Deutsche Bank cut Mexican beverage bottler Coca-Cola Femsa to sell from hold Friday. "Over the coming 12 months, the company will likely face substantial cost pressures in light of continued sugar price hikes, and may face substantially more challenging operating conditions in Venezuela," the bank said in a report.

online.wsj.com/article/BT-CO-20100108-709570.html

Grupo Mexico sues over northeast railroad concession

El Semanario - Grupo Mexico has sued Kansas City Southern Mexico, which operates the northeast railroad routes, and the Secretariat of Communications and Transport (SCT) for apparent irregularities in the 1997 privatization process offering a concession to operate the railway route.

www.elsemanario.com.mx/news/news_display.php

Slim urges investors to put money in infrastructure

CNNExpansion -  Businessman Carlos Slim Helu, during the signing of a contract to develop the Atotonilco wastewater treatment plant, urged investors to put their money in backward areas as roads, airports, ports, housing, Petroleos Mexicanos exploitation and exploration and water infrastructure, among others.
www.cnnexpansion.com/negocios/2010/01/07/slim-sugiere-invertir-en-infraestructura

Herdez obtains loan to replace short-term debt

Sentido Comun - Canned food manufacturer Grupo Herdez has obtained a funding of 600 million pesos ($47.09 million) to replace short-term debt and for other corporate purposes. The company did not disclose the amount of the debt involved in the financing or the entities that made the agreement.

www.sentidocomun.com.mx/breves.phtml

Asur traffic falls 11th month in a row

Sentido Comun - Grupo Aeroportuario del Sureste said the number of passengers at its air terminals fell 4.1 percent in December over the same month last year, the eleventh straight loss, although the lowest since April, when traffic fell 2.1 percent.

www.sentidocomun.com.mx/breves.phtml

GAP experiences first rise in passengers since 2008

Sentido Comun - Grupo Aeroportuario del Pacifico said that the number of passengers who visited its air terminals rose 0.4 percent in December over the same month last year. The rise, attributed to the holiday season, was the first since April 2008.

www.sentidocomun.com.mx/breves.phtml

Shareholders approve Iusacell delisting from BMV

Sentido Comun - Cellular company Grupo Iusacell's shareholders have approved the company's deregistration of shares on the Bolsa Mexicana de Valores in hopes to achieve importan savings and implement cost reduction measures.

www.sentidocomun.com.mx/breves.phtml

Kansas City Southern de Mexico sells bonds

Bloomberg - Kansas City Southern de Mexico, a Mexican railway owned by Kansas City Southern, sold $300 million of bonds to buy back debt. The Mexican railway connects Mexico City and the ports of Veracruz, Lazaro Cardenas and Tampico with the U.S. through Laredo, Texas.

www.bloomberg.com/apps/news

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