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

La Cruz de Huanacaxtle will celebrate its 2026 patron saint festival

La Cruz de Huanacaxtle will celebrate its 2026 patron saint festival

La Cruz de Huanacaxtle will celebrate its 2026 patron saint festival from April 24 to...
Puerto Vallarta water outage repair is finished

Puerto Vallarta water outage repair is finished

SEAPAL says Puerto Vallarta’s major pipe repair is complete, but water service in affected areas...
Atlantis Debuts Brilliant Lady LGBTQ Cruise in Vallarta Port

Atlantis Debuts Brilliant Lady LGBTQ Cruise in Vallarta Port

Atlantis arrived in Puerto Vallarta aboard Virgin Voyages’ Brilliant Lady, bringing more than 2,000 LGBTQ+...
Cabo San Lucas launches Mexico’s first fireboat

Cabo San Lucas launches Mexico’s first fireboat

Cabo San Lucas has added Mexico’s first firefighting boat, a new marine unit built to...