Controladora Comercial Mexicana SAB surged to the highest price since its October 2008 default after a debt restructuring deal bolstered speculation the company may be acquired or merge with a competitor.
The Mexican government’s push to ease a housing shortage is driving up costs for homebuilders, prompting bonds from Desarrolladora Homex SAB to Urbi Desarrollos Urbanos SAB to lag behind those of corporate peers.
Billionaire Carlos Slim is seeking to raise about $1 billion in a share offering of his retail and restaurant chain, two people with direct knowledge of the deal said, tapping into demand for Mexican consumer stocks.
Laura Romero’s four-year-old son attends pre-school and her husband works at a Mexico City soda maker, so location was a top priority as they shopped for a home in the Western Hemisphere’s most populous metropolitan area. That’s why they shunned new developments.