Billionaire Carlos Slim ’s Telefonos de Mexico SAB is shedding its less profitable phone lines in rural and low-income areas by putting them in a separate business as it seeks equal footing against Grupo Televisa SA.
Ixe Grupo Financiero SAB , the Mexico City-based bank that serves high-income clients, is beating peers in the bond market as its acquisition by Grupo Financiero Banorte SAB sparks credit-rating increases.
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.
Empresas La Polar SA, the Chilean department store under investigation for consumer loan irregularities, still plans to open new stores in Colombia, Diario Financiero reported, citing Chief Executive Officer Martin Gonzalez.
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.
Empresas La Polar SA surged 19 percent on speculation an investor will seek to gain control of the Chilean department-store operator after the stock reached a record discount to emerging-market retail peers.