Mexico’s first publicly listed oil company set for August debut

7/26/2017 Reuters

Oil barrelsVista Oil & Gas, with backing from private equity firm Riverstone Capital, will launch an initial public offering (IPO) on Mexico’s stock exchange on Aug. 11, according to three sources with knowledge of the deal and a document seen by Reuters.

The IPO would mark the entry into Mexico’s stock exchange of the country’s first publicly traded oil company, four years after a landmark constitutional oil reform ended the decades-long monopoly enjoyed by national oil company Petroleos Mexicanos, better known as Pemex.

A Vista spokesperson did not immediately return a phone call requesting comment.

Riverstone is also a major investor in privately held Sierra Oil & Gas, launched in 2014, the first Mexican oil company formed since the reform.

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