Offices must be kicking back and enjoying the first breaths of autumn. This week’s corporate news flow slowed considerably from last week: only Grupo Televisa made a splash, selling its 50% holding in Grupo Iusacell to Ricardo Salinas, who owns the other 50% and who’s now expected to make the rounds looking for an international telecoms partner. Grupo Televisa’s also in the IFT’s sights, though, as the telecoms regulatory prepares a study on cable TV market power by incumbent operators. Investors seemed to be replenishing their war chests, as Actis and Alta Growth and US angel investor platform Gust all announced new market initiatives. Mexichem launched a US $750 million bond to refinance debt, pay for acquisitions, and other corporate use. Our friends at Delta Economics note that electronics “re-shoring” to be closer to the key US market is increasingly active and centred on Mexico.
After Hours listened in as César Galindo described his CZAR fashion line at New York Fashion Week, while Hot Tamales wore out some shoe leather touring Mexico’s street food outlets.
Hasta la próxima!