Reuters - Mexican frozen food company Sigma Alimentos has launched a 695 million euro ($932 million) takeover bid for Spanish meat processor Campofrio at a price analysts said could tempt its leading shareholder to sell.
Bloomberg - Telefonica SA has approached potential acquisition targets and partners in Mexico, where it’s seeking to challenge billionaire Carlos Slim’s dominance, according to three people familiar with the matter.
El Economista - Spanish bank Banco Sabadell plans to open its own bank in Mexico as part of an internationalization strategy in Latin America, reported the Spanish newspaper Expansion.
The Hollywood Reporter - Mexico's Federal Economic Competition Commission has reversed a decision to block the sale of Cinemark's 31-theater Mexico circuit to No. 2 exhibitor Cinemex.
EFE - Mexico's powerful CCE business federation urged lawmakers to pass an historic energy overhaul without delay, saying the country "can't wait any longer." If congressional approval is delayed, "we Mexicans will continue to pay more for fuel and raw materials," CCE's Energy Commission president Jaime Williams Quintero, said.
Fodor's Travel - Hyatt announced the opening of their first venture into the all-inclusive resort market with a renovation of the former Barcelo Los Cabos — now the Hyatt Ziva Los Cabos.
Reuters - Mexico has room for further fiscal reform to improve its tax base because a bill passed by Congress last week still leaves it well behind countries with stronger revenues, credit ratings agency Standard & Poor's said on Thursday.
Reuters - Mobli, a mobile photo and video sharing platform, said Latin America's biggest phone company America Movil has made a strategic investment in the company as part of a $60 million funding round.
Deal Book - The Mexican venture capital firm Latin Idea Ventures said this week that it had made its first investment in an e-commerce company, Linio, a Mexico City start-up that, like Amazon.com in the United States, sells a wide array of products.
CNW Telbec - BRP has inaugurated its new manufacturing facility in Querétaro. BRP will assemble Rotax engines for its Can-Am off-road vehicles, assemble the Sea-Doo Spark watercraft and manufacture composite hulls and decks for Sea-Doo watercraft.