Companies

Companies

Cemex reports first quarterly profit since 2009

Reuters - Mexico's Cemex, one of the world's largest cement companies, said on Friday it had a second-quarter profit of $76 million, its first quarterly profit since the financial crisis in 2009.

http://in.reuters.com/article/2014/07/18/mexico-cemex-idINASA09EOH20140718

Grupo Bimbo to buy Ecuadorean bread maker

WSJ - Mexican bakeries company Grupo Bimbo said it has agreed to buy leading Ecuadorean bread maker Supán, ending a long dispute over the Ecuadorean company's use of the Bimbo brand name in its home country.

http://online.wsj.com/articles/mexicos-grupo-bimbo-to-buy-ecuadorean-bread-maker-supan-1405466345

Vodafone unlikely to look at America Movil assets

Reuters - Britain's Vodafone said it was unlikely to be interested in telecom assets being put up for sale in Mexico by tycoon Carlos Slim's America Movil since a deal would not fit with its focus on the corporate market in Latin America.

http://www.reuters.com/article/2014/07/16/us-vodafone-mexico-idUSKBN0FL0Z320140716

Pinfra raises $570 million in stock offering

Reuters - Mexican infrastructure company Promotora y Operadora de Infraestructura, known as Pinfra, closed a stock offering worth more than $570 million on Wednesday . The company operates 15 highway concessions and one port.

http://www.reuters.com/article/2014/07/16/mexico-pinfra-idUSL2N0PR0Y820140716

Grupo Mexico could mine rare earth metals

Mining - Grupo Mexico is mulling over the idea of entering the rare earth metals sector. The company, the world’s third largest copper producer, could begin operations in Sonora and Chihuahua states later this year.

http://www.miningglobal.com/operations/986/Grupo-Mexico-Could-Begin-Mining-for-Rare-Earth-Metals

Pemex to invest $650 million in co-generation plant

EFEPetroleos Mexicanos has chosen a consortium of U.S.-based Invenergy Clean Power and Mexico's Enesa Energia and Mexichem as its partner on an $650 million electricity co-generation project.

http://latino.foxnews.com/latino/news/2014/07/15/mexico-pemex-to-invest-650-mn-in-co-generation-plant/

Mexicans blame U.S. company for "death train"

WND - The infamous Mexican “Death Train” – also called “La Bestia” ("The Beast’) – on which tens of thousands of illegal alien children from Central America are traveling through Mexico to the United States – is being targeted by criminal complaints from Mexican authorities.

http://www.wnd.com/2014/07/mexicans-blame-americans-for-death-train/

Where Slim is investing as Mexico unit breaks up

Bloomberg - Carlos Slim is planning to spend more in countries such as Brazil while placing bigger bets on industries like energy, as regulatory pressure in Mexico splinters his most prized asset.

http://www.bloomberg.com/news/2014-07-09/slim-plots-spending-from-peru-to-brazil-as-mexico-unit-splinters.html

Carlos Slim laughs at monopoly busting

Forbes - Carlos Slim doesn’t see any reason to be sad about the new telecom rules. Instead, he’s making money off the news. 

http://www.forbes.com/sites/briansolomon/2014/07/09/carlos-slims-america-movil-laughs-at-mexicos-monopoly-busting/

Mexico passes telecom reform laws

AP — The lower house of Mexico's congress has approved tough restrictions on dominant companies in the country's telephone and television sectors. The new rules must still be signed into law.

http://www.usnews.com/news/business/articles/2014/07/09/mexico-passes-telecom-reform-laws

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