Mexico’s Senate gave final approval to the energy reform bills this week, leaving only the presidential signature to go before the all the North American energy markets are open for private investment. Before that gold rush’s formal launch, though, another competitor entered the newly liberalised telecoms sector, as the UK’s Lycamobile announced it would open for business, piggy-backing on Spanish Telefónica’s local presence. Mexican institutions continued to invest overseas, with Mexichem buying into Germany’s VESTOLIT, and Alsea taking a controlling stake in Spain’s Grupo Zena. Investors in Mexico also flew their flags: Edenred and American Express agreed an alliance for the Mexican market, while ACON Investments raised around US$665 million for a new fund focussed partly on Mexico. Brasil’s Itaú BBA appointed a new head of its Mexican investment banking unit.
After Hours saw an excess of fans shut down “Harry Potter” Daniel Radcliffe’s Mexican premier and considered the psychological aspects of falling in love and how long it lasts. Hot Tamales meditated on exactly what it takes to make a world-record-sized sandwich: Mexico City’s latest 62-metre torta’s now the global number two!
Hasta la próxima!