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Companies

Geo cleared for bridge loans to restart homebuilding

Bloomberg - A Mexican court cleared the way for homebuilder Corp. Geo to receive bridge loans from banks including Citigroup Inc. as part of the company’s efforts to emerge from bankruptcy.

http://www.bloomberg.com/news/2014-09-01/mexico-s-geo-cleared-to-get-bridge-loans-to-restart-homebuilding.html

Heineken to sell Mexico packaging to Crown Holdings

NYT - Dutch brewer Heineken said on Monday that it had agreed to sell its Mexican packaging operations to Crown Holdings Inc. in a deal that valued the business at about $1.2 billion.

http://dealbook.nytimes.com/2014/09/01/heineken-to-sell-packaging-operations-in-mexico-to-crown-holdings/?_php=true&_type=blogs&_r=0

First Cash acquires 47 pawn stores in Mexico

Globe Newswire - First Cash Financial Services, Inc. has completed the acquisition of 47 pawn stores located in 12 states in Mexico, five pawn stores in Colorado and four pawn stores in Texas.

http://money.cnn.com/news/newsfeeds/articles/globenewswire/10096123.htm

Coca-Cola launches a mid-calories soda

WSJ - Coca-Cola Co. is introducing a mid-calorie cola here in its second-biggest market by sales volume and a country that's struggling to shed the pounds. Mexicans drink more Coca-Cola products per capita than consumers in any other country.

http://online.wsj.com/articles/coca-cola-life-a-mid-calorie-soda-for-a-mexico-battling-bulge-1409005261

Grupo Mexico goes from first to worst on acid spill

Bloomberg - Spilling chemicals into two rivers near the U.S. border is making Grupo Mexico the country’s worst performing major stock. The shares have lost 5.3 percent, the most among 35 companies on the IPC index.

http://www.bloomberg.com/news/2014-08-26/grupo-mexico-goes-from-first-to-worst-on-chemical-spill.html

Grupo Mexico shares fall after response to acid spill

Bloomberg - Grupo Mexico, the world’s fourth-largest copper producer, fell the most since March after congress called for canceling the company’s Cananea mine concession after a chemical spill.

http://www.bloomberg.com/news/2014-08-21/grupo-mexico-shares-fall-as-congress-responds-to-spill.html

Pemex adjust structure to compete with private firms

WSJ - State-owned oil company Petróleos Mexicanos said Wednesday that it is creating drilling, logistics and electricity affiliates as it restructures its operations to compete with private oil firms.

http://online.wsj.com/articles/mexicos-pemex-adjusts-structure-to-compete-with-private-companies-1408569077

MexiChem to pay $630 million for Dura-Line

Reuters - Mexico's Mexichem said it had reached a deal to pay $630 million to buy Tennessee-based plastic pipe maker Dura-Line Corporation from private equity firm CHS Capital.

http://www.reuters.com/article/2014/08/18/mexico-mexichem-idUSL2N0QO0UA20140818

Televisa buys remainder of Cablecom for $654 million

Reuters - Mexico's Grupo Televisa said on Thursday it paid 8.55 billion pesos ($653.96 million) to acquire the remaining shares in Mexican cable company Cablecom it did not already own.

http://www.reuters.com/article/2014/08/14/mexico-grupo-televi-idUSL2N0QK2EB20140814

Cemex to build new cement plant in Colombia

EFE - Mexico’s Cemex, a global leader in the production and sale of cement, concrete and aggregates, said Thursday it will begin construction of a $340 million cement plant in Colombia.

http://latino.foxnews.com/latino/news/2014/08/14/mexico-cemex-to-build-new-cement-plant-in-colombia/

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