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

San Miguel Urban Artists Unveil Massive 200-Year Anniversary Mural

San Miguel Urban Artists Unveil Massive 200-Year Anniversary Mural

Young artists from the Ranchero-Pandillero program celebrate San Miguel de Allende’s 200th anniversary with a...
Cancun Deploys Massive Ocean Barriers Against Seaweed

Cancun Deploys Massive Ocean Barriers Against Seaweed

Quintana Roo environmental officials are installing 400 meters of ocean barriers in Cancun to block...
Boaters Warned Off Progreso Coast for Navy Drills

Boaters Warned Off Progreso Coast for Navy Drills

A five-day navigation restriction is active off the Progreso coast for Mexican Navy live-fire exercises....
Blackouts Force Massive CFE Response in Playa del Carmen

Blackouts Force Massive CFE Response in Playa del Carmen

Recent power grid failures in Playa del Carmen prompted a major response from CFE, bringing...