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Companies

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

Walmex 2009 sales rise 10% with 14% more customers

Dow Jones - Retailer Wal-Mart de Mexico said Thursday that its sales rose 10 percent in 2009 to a record 269.4 billion pesos ($20.6 billion) as the company opened 275 stores and served 14 percent more customers. Walmex operates 1,472 supermarkets, restaurants and clothing stores in Mexico.

online.wsj.com/article/BT-CO-20100107-713513.html

ICA sees $164 backlog with Atotonilco plant

Dow Jones - Mexican construction firm Empresas ICA said Thursday that a contract to help build and operate the Atotonilco wastewater treatment plant will increase the company's backlog by about 2.1 billion pesos ($164.3 million).

online.wsj.com/article/BT-CO-20100107-714715.html

ICA group wins Panama Canal contract

Dow Jones - A consortium including Mexican construction leader Empresas ICA was awarded Thursday a $260.8 million excavation project, the last major contract in the Panama Canal expansion. Under the contract, the consortium has about 3.5 years to excavate the last segment of a 6.1-kilometer access channel.

online.wsj.com/article/BT-CO-20100107-712032.html

Urbi to sell $250 million in bonds

Bloomberg - Urbi Desarrollos Urbanos, Mexico’s third-largest homebuilder, plans to sell $250 million of 10-year bonds in international markets as soon as next week, according to a person familiar with the transaction.

www.bloomberg.com/apps/news

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