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

Nature and rural tourism lodging grows in southern Nayarit

Nature and rural tourism lodging grows in southern Nayarit

Southern Nayarit’s lodging supply grew 30% to 40% over the past year as cabins, glamping...
Punta Mita residents say government is ignoring dispute over beach development

Punta Mita residents say government is ignoring dispute over beach development

Punta Mita residents say authorities have failed to address beach access and environmental concerns at...

Puerto Vallarta Tourism Slows After February

Business leaders report fewer visitors, lower service sales and weaker air traffic in Puerto Vallarta...
Mérida’s Growth Is Testing Water, Power, and Roads

Mérida’s Growth Is Testing Water, Power, and Roads

Mérida’s growth debate is about more than housing. Water, power, roads, buses, hospitals and police...