It looked like the start to another fine year for one of Mexico’s most powerful bankers. Citigroup Inc. Co-President Manuel Medina-Mora held court last month at a Mexico City breakfast where colleagues talked shop over mango, melon and banana. He sat at the right arm of the nation’s president at another February meeting when Enrique Pena Nieto toasted the bank’s drive, charity and influence.
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.
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.
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 .
Mexico’s five-hour stock trading stoppage yesterday was caused partly by a connection failure with a component bought from a unit of NYSE Euronext, said Luis Tellez, chief executive officer of the country’s exchange.