Mergers & Acquisitions

Dutch Heineken agrees to sell its Mexican packaging business Empaque to Crown of the US for $1.23 billion including debt, shedding business acquired when entering Mexico in 2010.

Mexican private equity firm Nexxus Capital says it invested in El Farolito, Taco Inn and Nuny’s yoghurt restaurant chains through affiliate Taco Holding. Terms weren’t disclosed.

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Mergers & Acquisitions

First Cash Financial Services of the US says it completed acquisition of 47 pawn stores in 12 Mexican states. Company now operates 920 pawn stores in 28 Mexican and 12 US states.

Mexican supermarket chain Comercial Mexicana sells its restaurant business to retailer Grupo Gigante for about US $81 million, including 53 California and Beer Factory outlets.

Mexican paper makers combine as Bio Pappel buys Scribe for an undisclosed sum, subject to authorisations. New group aims to broaden presence in other Latin American markets.

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Mergers & Acquisitions

Grupo Televisa buys 49% of competitor Cablecom that it didn’t already own for about US $654 million. Mexican regulator IFT now has a month to review transaction for “dominance”.

Mexichem buys polyethylene pipe maker Dura-Line from private equity firm CHS Capital. Terms not disclosed, but transaction set to close in fourth quarter 2014.

Mexican conglomerate Alfa ups stake in Canadian oil concern Pacific Rubiales Energy to 17.1% for US $172.7 million, to take advantage of newly opened Mexican energy market.

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Mergers & Acquisitions

Carlos Slim’s Immobiliaria Carso acquires AT&T’s equity in América Móvil for US $5.57 billion, raising Slim holding in América Móvil, and ending more than 20-year partnership.

Coatings and specialty materials firm PPG Industries of the US agrees to acquire Mexican paints maker Consorcio Comex, subject to regulatory approval in US $2.3 billion transaction.

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