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.
Antonio del Valle, the billionaire investor behind chemical maker Mexichem SAB’s 87-fold stock rally over the past decade, said he can turn around the biggest loser in his holdings by buying companies in the fragmented chemical distribution market.
Grupo Aeromexico SA, the country’s biggest airline, may raise as much as 2.7 billion pesos ($227 million) in an initial public offering as the company adds routes and buys jets after its largest rival went bankrupt.
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.
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.
Gruma SAB, the world’s biggest tortilla maker, is handing shareholders the biggest gains in Latin America as surging profits lead the company to consider paying a dividend for the first time in five years.