After a year and a half of negotiating with Mexican firms for the sale of Banamex, New York financial firm Citigroup announced that Banamex will instead be sold via initial public offering in 2025
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As a result of the railways expropriation, Grupo México shares on the Mexican Stock Exchange (BMV) fell by 4.29 percent
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PULSE NEWS MEXICO Mexican billionaire Carlos Slim’s Inbursa financial group announced on Wednesday, Nov. 23, that it was withdrawing from its former commitment to purchase Banamex, Citigroup’s consumer and corporate banking business in Mexico. “After the presentation of a nonbinding proposal for the acquisition of said businesses, the parties have mutually agreed that Imbursa will not continue in the following
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By THE PULSE NEWS MEXICO STAFF The value of stocks in Mexico’s official airlines, Aeroméxico, plunged by 29 percent, to just .41 pesos per unit, on Wednesday, March 16 — their lowest price ever — as the company began the final steps to emerge from Chapter 11 bankruptcy. Aeroméxico won a U.S. court permission to emerge from Chapter 11 in
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By KELIN DILLON Mexico’s flag carrier airline, Aeroméxico, experienced massive losses at the end of last week, losing more than $80.4 million in value over the course of two days and dropping stock prices to 1.66 pesos per share, the airline’s lowest share price in history. While having a $118.6 million market share as of Wednesday, Dec. 15, Aeroméxico lost
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By THE PULSE NEWS MEXICO STAFF The pending default of of Chinese property developer Evergrande Group roiled stock markets around the globe Monday, Sept. 20, including Mexico’s Bolsa Mexicana de Valores (BMV). Investor concerns about the uncertainty of Evergrande’s financial future caused the BMV to close with a 1.46 percent loss at the end of the day. Between Friday and
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