Mexico in Brief

Mexico in Brief, our monthly newsletter, is available in this section. Our Mexico in Brief summarizes the most relevant business news in Mexico, and also lists the main Mexican economic indicators. Our file is organized by issue number and issue date. Please consult it at your convenience and send us any comments through the link appearing below, or emailing us at mexico.in.brief@jatabogados.com.

From Mexico in Brief Newsletter

  • ​ACTIVITY ON THE MEXICAN STOCK EXCHANGE.

    Mexico-based Grupo Inmobilia carried out the placement of Capital Development Certificates, or CKDs for a global amount of approximately U.S.$307 million, becoming the first Yucatan-based real estate company to finance itself through the capital market. Additionally, Be Grand, raised approximately U.S.$205 million through the placement of CKDs, its second issue in the year; lastly, Fibra Storage, debuted in the Mexican Stock Exchange, raising approximately U.S.$13 million through the placement of Real Estate Trust Certificates, or CBFIS.

  • FALABELLA ACQUIRES LINIO.

    Chile-based multinational department store chain Falabella announced its acquisition of Mexico-based electronic commerce platform Linio, in a transaction having an approximate value of U.S.$138 million. With the acquisition, Falabella will enter into the field of e-commerce, where it will compete with Amazon and Mercado Libre, among others.

  • MAGNA TO EXPAND IN MEXICO.

    Canada-based automotive industry supplier Magna International has announced that it will invest approximately U.S.$150 million in an expansion project in the Mexican State of Coahuila, which will result in the creation of additional jobs positions in the region.

  • RAILWAY COMPANIES TO CONTINUE INVESTING IN MEXICO.

    The Mexican Association of Railroads, or AMF, announced that several railway companies within Mexico will invest approximately U.S.$500 million during 2018 in the improvement of this transportation system. The investment will be added to the already spent U.S.$8.5 billion in the last 20 years within Mexico in railroad infrastructure.

  • BHP BILLITON TO DRILL DEEPWATER WELLS IN TRION.

    Australia-based energy giant BHP Billiton has announced that it will invest approximately U.S.$88 million in the drilling of its first well in the block located in ultra-deep waters of the Gulf of Mexico also known as “Trion block”, where it has a partnership with Mexican State oil company Petróleos Mexicanos, or Pemex.

  • NEW FORTRESS ENERGY TO BUILD NATURAL GAS TERMINAL IN MEXICO.

    After being awarded a public bidding process, U.S.-based New Fortress Energy will invest approximately U.S.$179 million in the construction and operation of a terminal dedicated to the import of liquefied natural gas, in the Mexican State of Baja California Sur. The terminal is expected to be operational by 2020.

  • PUBLIC TENDER LAUNCHED FOR GEOTHERMAL DRILLING SERVICES.

    Under a new risk mitigation scheme in Mexico, a new international public tender has been launched for the provision of drilling services for geothermal wells to a depth of 3,500 meters. The Geothermal Well Drilling Services will be assigned to the company that meets the technical and financial requirements at the lowest unit cost per meter drilled.

  • U.S. NATURAL GAS EXPORTS TO MEXICO EXPECTED TO BOOST.

    U.S. gas exports by pipeline are expected to increase in the coming months as four long-awaited pipelines are placed into service and will begin commercial operations by the end of the year, to supply Mexico’s power generation and industrial sectors.