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

Survivor Says Nayarit Bus Driver Had No Brakes Before Crash

Survivor Says Nayarit Bus Driver Had No Brakes Before Crash

A survivor says the driver warned passengers he had no brakes before the Amatlán de...
Quintana Roo earthquake

Mexico Quake Jolts Morning as CDMX Sirens Sounded Today

A preliminary magnitude 6 earthquake near Pinotepa Nacional, Oaxaca, triggered CDMX’s seismic alert Monday morning.
Sanctioned Casino Firm Eyes Costly Tulum Land Deals

Sanctioned Casino Firm Eyes Costly Tulum Land Deals

A U.S.-sanctioned casino operator tied by officials to the Cártel del Noreste now appears in...

Free Pet Sterilization Dates Set in Puerto Vallarta

Puerto Vallarta’s mobile veterinary unit will offer free dog and cat sterilizations in May, with...