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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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