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

  • FIBRA ESTRUCTURA PLACED REAL ESTATE TRUST CERTIFICATES.

    Mexico-based real estate investment trust, Fibra Estructura, announced the placement of their Fibra E for approximately U.S.$306 million, through an IPO where 331,665,991 of real estate trust certificates, or CBFIS, will be issued. The funds are intended to be used for the financing of penitentiary and road infrastructure in Mexico.

  • COPPEL PLANNING MILLIONAIRE IPO.

    Mexico-based billionaire Coppel family hired Morgan Stanley and Bank of America to lead an initial public offering, or IPO, seeking to raise as much as approximately U.S.$2 billion by its conglomerate Grupo Coppel, which operates department stores, banks and a pension fund in Mexico.

  • GRUPO ROTOPLAS TO ACQUIRE ARGENTINA-BASED IPS.

    Mexico-based Grupo Rotoplas announced its signing of a final agreement to acquire Argentina-based & leading provider in water flow solutions, IPS, for approximately U.S.$50 million.

  • INTERCERAMIC WILL BUILD THEIR TENTH PLANT IN MEXICO.

    Interceramic, the Mexico-based manufacturer and distributor of floors and tiles, will invest approximately U.S.$80 million in the construction their tenth plant in Mexico, which will be located in the Mexican State of Guanajuato and will manufacture tile for the Mexican market.

  • ANDEAVOR TO TRANSFORM CURRENT PLANT IN MEXICO.

    U.S.-based independent refiner and marketer of petroleum products, Andeavor, will invest approximately U.S.$100 million in the transformation of its current plant located in the Mexican State of Baja California, which is currently a refined products terminal and will be transformed into a gasoline and diesel storage terminal. The plant is located within the Rosarito storage facility of Comisión Federal de Electricidad.

  • IGS TO INVEST IN THE ACQUISITION OF INDUSTRIAL BUILDINGS.

    Grupo IGS, Mexico-based developer and administrator of industrial, commercial and residential real estate, will invest approximately U.S.$117 million in the acquisition of 37 industrial buildings in the Mexican northern border area, where housing projects and industrial buildings will be developed.

  • ARCA CONTINENTAL TO BUILD PLANT IN HOUSTON.

    Mexico-based beverage manufacturing and distribution company Arca Continental will invest approximately U.S.$250 million in the construction of a new production plant and distribution center in the city of Houston, which will be the first construction of a Coca Cola production plant in U.S. territory in a decade.

  • GRUPO MEXICO TO MAKE MILLIONAIRE INVESTMENT IN MEXICO.

    Grupo México, a Mexico-based mining corporation, will invest approximately U.S.$1.5 billion in three new projects in the Mexican State of Sonora, including a new zinc and copper mine, a copper and gold mine, and a smelter plant project to be built between 2019 and 2021 in the mentioned State.

  • LOPEZ OBRADOR WINS MEXICAN PRESIDENCY.

    Mexicans overwhelmingly elected Andres Manuel Lopez Obrador, or AMLO, as our new president. Preliminary results from the electoral authorities showed AMLO obtaining approximately 53% of the vote. He will take office on December 1, 2018, and will govern Mexico for a period of six years. His win brings a new political government to the Presidency, beating opponents from two parties that have ruled Mexico for nearly a century.