Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico’s Alfa to Issue More Shares for Energy Investment

Shareholders will vote on the proposal at a special meeting on Nov. 4, the company said. It did not specify the size of the capital raise.

Alfa's shares fell 4.25 percent to 39.4 pesos in early trading on Monday.

Earlier this year, Mexico finalized an energy reform that ends the decades-old monopolies of state-owned oil company Pemex and national power company CFE, aiming to lure billions of dollars in investment.

Alfa, which manufactures car parts and refrigerated foods as well as petrochemicals, is one of a handful of Mexican companies set to benefit directly from . . .

Read Full Story

Related Posts

Cancun car-free Sundays draw crowds on the waterfront

Cancun car-free Sundays draw crowds on the waterfront

Cancún’s weekly Paseo Cancunense turned Bonampak and Malecón Tajamar into a car-free route for walking,...
Mexico Power Shortages Are Already Delaying Projects

Mexico Power Shortages Are Already Delaying Projects

Electricity shortages are slowing factories, housing and city growth in Mexico, even as investment plans...
How a CJNG Arrest Reached El Mencho’s Inner Circle

How a CJNG Arrest Reached El Mencho’s Inner Circle

Federal forces arrested a man they say helped move El Mencho’s partner, shedding new light...
Baja coastal project approved after earlier shutdowns

Baja coastal project approved after earlier shutdowns

Semarnat cleared an Ensenada beachfront project after prior closures, reviving questions about permits, enforcement and...