Mexico in Brief

Mexico in Brief, nuestro boletín electrónico mensual, está a su disposición en esta sección. Nuestro Mexico in Brief resume las noticias de negocios más relevantes en México, así como los principales indicadores económicos. Nuestro archivo está organizado por número de edición y fecha referente. Por favor consúltelo a su conveniencia y refiéranos cualquier comentario escribiéndonos a mexico.in.brief@jatabogados.com.

From Mexico in Brief Newsletter

  • FIBRA EDUCA DEBUTED IN THE BMV.

    Fibra Educa, Mexico-based real estate investment trust, announced the placement of 347 million real estate trust certificates, or CBFIS, for approximately U.S.$371 million. The proceeds will be used to acquire a portfolio of 87 educational properties in 25 States of Mexico.

  • MEDLINE WILL INVEST IN NEW PLANT IN MEXICO.

    U.S.-based manufacturer and distributor of medical supplies, Medline Industries, announced that it will invest approximately U.S.$100 million in the construction of a new production plant for surgical procedure trays in the Mexican State of Baja California, jointly with the expansion of its current Nuevo Laredo plant.

  • VIVA AEROBUS TO BUY NEW AIRCRAFT.

    Mexico-based low-cost airline, Viva Aerobus, announced the acquisition of 25 new Airbus A321neo aircraft and 16 up conversions of A320neos to A321neos to its existing purchase agreement for an historic amount of approximately U.S.$3.5 billion.

  • TRANSCANADA STARTS OPERATING MEXICAN PIPELINE.

    Canada-based energy company, TransCanada Corporation, announced that its Topolobampo natural gas pipeline in northern Mexico is complete and is now operational. The pipeline will provide a capacity of 670 million cubic feet of natural gas per day to markets in the Mexican States of Chihuahua and Sinaloa and represents an investment of approximately U.S.$1.2 billion.

  • U.S. DOE TO INVEST U.S.$1 BILLION IN MEXICO’S ENERGY SECTOR.

    The U.S. Department of Energy (DOE) announced that it will seek to take advantage of good business opportunities in Latin America, and partner with the Overseas Private Investment Corporation (OPIC) to invest approximately U.S.$1 billion in Mexico’s energy sector in the next three years.

  • NEW GEOTHERMAL FUNDING PROGRAM FOR MEXICO.

    During the 5th GEOLAC geothermal conference for Latin America, Mexico’s Ministry of Energy (SENER) informed that is has a budget of approximately U.S.$50 million allocated to its new Risk Transfer Finance Program, which has the objective of reducing exploratory risk and financial barriers for developers.

  • KINDER MORGAN TO CONTINUE INVESTING IN MEXICO.

    U.S.-based energy infrastructure company Kinder Morgan Gas will expand the capacity of its Mier-Monterrey gas pipeline by 200 million cubic feet per day (currently it is 375 million cubic feet per day). Additionally, the company seeks to create in Monterrey the first node in the country, where they will be able to receive natural gas from different locations and interconnect with interested companies or marketers.

  • MEXICO POSPONES OIL TENDERS UNTIL 2019.

    Mexico’s oil auctions originally set for later this year, will be postponed until the first months of 2019. The new timeframe will be allowing time for the newly elected president, Andres Manuel Lopez Obrador, to take office and allegedly review the contracts, which has been one of this campaign promises.

  • BIVA, MEXICO’S NEW STOCK EXCHANGE STARTS OPERATIONS.

    The Bolsa Institucional de Valores, or BIVA, Mexico’s second stock exchange, started operations in July, seeking to entice more companies to go public in Mexico, increase investments and help economic growth. BIVA will compete with the Mexican Stock Exchange, which had been the country’s only operating stock exchange.