Companies

Companies

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/

Pulse Beverage to introduce coconut water in Mexico

Denver Business Journal - Pulse Beverage Corp. said Wednesday it is entering the Mexico market, establishing a subsidiary south of the border to introduce its coconut water products there.

http://www.bizjournals.com/denver/news/2014/08/13/pulse-beverage-launches-mexico-subsidiary.html

Pemex profits expected to rise on energy reform

Bloomberg - Petroleos Mexicanos’s profit will increase by 90 billion pesos ($6.85 billion) within five years as a result of tax cuts in Mexico’s landmark energy law, Deputy Finance Minister Miguel Messmacher said.

http://www.bloomberg.com/news/2014-08-13/mexico-landmark-energy-law-to-buoy-pemex-profit-messmacher-says.html

Beekeepers force withdrawal of Monsanto GMO permit

The Guardian - A small group of beekeepers in Mexico has inflicted a blow on biotech giant Monsanto, which has halted the company’s ambitions to plant thousands of hectares of genetically modified soybeans.

http://www.theguardian.com/global-development/poverty-matters/2014/aug/08/sweet-victory-beekeepers-monsanto-gm-soybeans

Wickr partners with Iusacell on Spanish messaging app

ReCode - Secure messaging company Wickr is partnering with Iusacell, Mexico’s No. 3 wireless carrier, to deliver a Spanish-language version of its service.

http://recode.net/2014/08/08/wickr-partners-with-mexicos-iusacell-on-secure-messaging-app/

Texas court awards judgment against Pemex union

Forbes - A Texas court issued a final judgment against Pemex’s powerful Workers Union authorizing Texas company Arriba Ltd to collect millions of dollars in damages for breach of contract.

http://www.forbes.com/sites/doliaestevez/2014/07/30/texas-court-reinstates-multi-million-dollar-judgment-against-mexicos-oil-union-and-its-leader-romero-deschamps/

Pemex to buy U.S. natural gas through Mercuria

Bloomberg - Mexico’s state oil company struck a deal to import U.S. natural gas from a Swiss trading house, Mercuria Energy Group, a step that would help the nation secure a cheaper long-term alternative to fuel oil for its power plants.

http://www.bloomberg.com/news/2014-07-30/mexico-s-pemex-to-buy-u-s-natural-gas-through-mercuria.html

Court says WalMart must share docs on bribery case

Reuters - The Delaware Supreme Court affirmed last week a lower court ruling that ordered Wal-Mart Stores Inc. to provide a shareholder with documents related to the company’s internal probe of allegations the retailer had paid bribes in Mexico.

http://www.insurancejournal.com/news/national/2014/07/28/335903.htm

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