Puerto Vallarta News

Puerto Vallarta News

Tequila maker Jose Cuervo files for IPO with Mexican bourse

The filing provided few details about the IPO, but media reports have suggested the company could seek to raise between $750 million and $1 billion.

The company, known officially as Becle, said the stock sale would be handled by the local units of Morgan Stanley (MS.N), JP Morgan Chase & Co (JPM.N) and Banco Santander (SAN.MC), and local brokerage GBM Grupo Bursatil Mexicano.

In the filing, the company said it had 2015 sales of nearly 20 billion pesos ($1.02 billion), up from 15.2 billion pesos in 2014. In the first six months of 2016, Cuervo said . . .

Read Full Story

Related Posts

earthquake alerts mexico

Puerto Vallarta’s Quake Alarm Sounds for Oaxaca 5.7 Earthquake

A magnitude 5.7 earthquake in Oaxaca triggered seismic alarms in Puerto Vallarta on Sunday afternoon,...
Quintana Roo earthquake

Earthquake triggers alarms in Puerto Vallarta

A reported earthquake today set off an alarm in Puerto Vallarta. No shaking or damage...
san miguel

US congressional delegation to visit San Miguel de Allende

Bipartisan American lawmakers led by Michael McCaul will stop in San Miguel de Allende amid...
Playa del Carmen Carnival 2026 free concerts announced

Playa del Carmen Carnival 2026 free concerts announced

Carnaval 2026 in Playa del Carmen runs Feb 11–17. Free Plaza 28 de Julio shows...