Mexican regulators are probing a $76 million trade UBS AG executed in Coca-Cola Femsa SAB shares hours before the bottler announced its biggest acquisition in 16 months, a person with direct knowledge of the matter said.
Mexico has 10 companies planning initial share offerings that may proceed when economic conditions improve, said Luis Tellez, chairman and chief executive officer of Bolsa Mexicana de Valores SAB, the nation’s stock exchange operator.
Mexican real estate-linked securities known as Fibras will begin trading soon and represent “an enormous opportunity,” said Luis Tellez , chief executive officer of Bolsa Mexicana de Valores SAB , Mexico’s stock exchange operator.
Bolsa Mexicana de Valores SAB, the operator of Mexico’s securities exchange, surged the most in a month amid rising optimism that the bourse will profit from an increase in equity offerings and trading volume.
Petroleos Mexicanos, Latin America’s largest oil producer, would benefit from following the path of Brazil’s state-controlled Petroleo Brasileiro SA and selling a stake to the public, according to Luis Tellez , chairman and chief executive officer of Bolsa Mexicana de Valores SAB .
European nations, struggling to end their sovereign debt crisis, should look for guidance from Group of 20 president Mexico’s swift action to resolve its own financial troubles in the 1990s, officials here said.
Compania Mexicana de Aviacion, Mexico’s biggest airline by passengers, filed for protection from creditors in Mexico and the U.S. after its executives said they had failed to reach cost-saving agreements with labor unions.