Sentido Comun – Fibra Shop, which specializes in the acquisition and operation of malls, will acquire for 404.5 million pesos ($26.6 million) a Hines company mall, its first in the capital.
Sentido Comun – Plastic pipe manufacturer Mexichem plans to reduce its debt burden this year after selling $750 million bond to help finance their acquisitions.
Sentido Comun – Grupo Radio Centro was placed on “negative watch” by the rating agency Fitch Ratings, which could eventually lead to a degradation of its current credit rating of investment grade ‘A-‘ .
Reuters – Mexican Interactions bank specializing in lending to government and businesses said it will ask shareholders approval for a capital increase in order to place new shares “if it considers appropriate.”
Reuters – Mexico’s Federal Electricity Commission said it has signed a memorandum of understanding with construction company ICA to work on joint power generation projects as part of efforts to open up the country’s energy sector.
Reuters – Carlos Slim plans to merge two of his energy units into one entity, Carso Oil & Gas, according to an advisory posted in a government gazette, as the Mexican telecoms billionaire seeks to benefit from a major sector overhaul.
IFR – Bonds of Mexico’s Offshore Drilling Holding enjoyed a seven-point rally Monday on news that the company had extended rig charter contracts with state-controlled oil giant Pemex.
Reuters – Mexican oil firm Pemex says it is in talks with buyers in Japan and South Korea over the chloride content of its crude and would offer discounts if the level of the chemical that can cause corrosion was higher than usual.
FT – Pemex has become the latest to take advantage of the slump in borrowing costs in the Eurozone. The company is looking to raise as much as €2.5bn through the sale of a two-tranche euro-denominated bond on Tuesday.
Munchies – How do we solve a problem like obesity in Mexico? With seeds and peels from our wasted fruit, of course—according to the startup, Eat Limmo. This is the premise behind the Monterrey-based firm, which is developing an ingredient from recovered fruit parts that it hopes could replace some of the eggs and oils in bakery goods like cupcakes, as well as acting as a binding agent in tortillas.
WSJ – Mexican radio broadcaster Grupo Radio Centro has failed to pay the money it had bid for one of the two TV concessions tendered by the government, prompting regulators to declare the tender void.
Wind Power Monthly – Acciona has been awarded a 129MW deal by an unnamed company for a project in Mexico. Acciona said the order takes its total sales in Mexico to 988.5MW, with 38 percent of orders for its 3MW turbine.
Sentido Comun – Alsea announced that with rapid growth in Mexico and nternational markets (Argentina, Brazil, Chile, Colombia and Spain), it will divide into two divisions: one focused on Mexico and one for activities outside Mexico.
Sentido Comun – Empresas ICA, the construction company looking to sell assets to reduce its debt, said it will sell a 49 percent interest in a new subsidiary that will manage four projects.
Sentido Comun – Qualitas Holding, the largest auto insurer in Mexico, sold premiums worth 1,340 million pesos ($87 million) in March, 9.7 percent more than the same month in 2014.
Sentido Comun – Homex, the housing construction firm that failed to pay debts two years ago, reached an agreement with the Institute of National Housing Fund for Workers (Infonavit), the agency that grants Mexico’s highest number of mortgages, to re-engage in mortgage finance programs.
Sentido Comun – Secure Armour announced its entry into the Mexican market with the purchase of Fidelity National Title in Mexico, an insurance company dealing in Mexican real estate.
GMA News – The U.S. Federal Communications Commission reached a $25 million settlement with AT&T Inc over a consumer data breach at call centers in Mexico, Colombia and the Philippines.
Sentido Comun – Televisa Group, through its subsidiary Televisa Consumer Products and Anima kitchent, an animated film company, agreed to work together to launch the 3D version of the song ‘Come to Bed’ of Telerín Familia, a short cartoon created in Spain and Televisa used late last century to terminate its children’s programing and send children “to bed.”