Mexico’s Cemex Could Sell Part of Business to Pay Down Debt: CEO

February 11, 2015

Reuters, 2/10/15

mexican pesosMexico’s Cemex could sell part of its business in northern Europe, the Mediterranean and Asia as it seeks to pay down debt, the cement giant’s CEO told Reuters on Tuesday.

Fernando Gonzalez said the firm could also sell 5 to 10 percent of its subsidiary Cemex Latam Holdings, and set aside half of its earnings from asset sales to lower its debt burden.

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China’s CRCC Likely to Win in New Bidding for Mexico Train Project

January 14, 2015

By Gabriel Stargardter, 1/14/2015

755225_e72ed744d1_m(Reuters) – China Railway Construction Corp (CRCC) looks poised to clinch a contract to build a $3.75 billion Mexican high-speed train system even after its original winning bid was revoked when it became engulfed in a political scandal, say sources with knowledge of the bidding.

Mexico will on Wednesday reveal the fresh bid terms for the tainted train project linking Mexico City with the wealthy, industrial city of Queretaro, which was meant to be one of Mexican President Enrique Pena Nieto’s flagship infrastructure investments.

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Spanish Companies Plan to Invest $14 Bn in Power Projects in Mexico

January 14, 2015

Fox News Latino, 1/13/2015

energy -wind_energySpain’s Iberdrola, Gamesa and Acciona said they planned to invest nearly $14 billion in Mexico’s energy industry between 2015 and 2018.

Mexico expects to have an installed generating capacity of more than 9,500 MW, a level equivalent to 8 percent of total power generation in the country.

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Mexico to unveil revamped global image

September 24, 2014

09/23/14 Financial Times

airplane on runwayIf anyone needs convincing about the scale of Mexico’s ambitions on the global stage, they need look no further than plans for a glittering $9bn airport. Big, bold and beautiful, the proposed hub is the embodiment of the government’s latest slogan of a “Mexico on the move”, a country with nearly a dozen transformational reforms under its belt, promising to deliver more competition and better productivity to one of the world’s most up-and-coming markets. The government will launch a revamped global brand next month to cement its image as an enticing trade and tourism power. But internationally, the message is already getting through – and not just to investors. A number of high-profile recent visits, including from potential 2016 US presidential rivals Hillary Clinton and Chris Christie, as well as Facebook’s Mark Zuckerberg, underscore Mexico’s growing presence.

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Exclusive: Mexico gets first bid for $10 billion national mobile network

September 22, 2014

09/19/14 Reuters

people networkMexico has received its first bid from a consortium to build a $10 billion state-owned mobile network, a linchpin of efforts to break the hold of Carlos Slim’s America Movil on telecom services. Telecom equipment makers Alcatel-Lucent and Ericsson helped the consortium craft the proposal submitted to the government, four sources said. Mexico’s government, which estimates that the network will require an investment of about $10 billion over 10 years, wants to pick a winner in mid-2015, two sources said.

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Investing in Mexico: not all about oil

September 18, 2014

09/17/14 Financial Times

gas pipeline and gaugeOil and gas prospects are obviously at the front of Mexico’s investment prospects – the country’s energy reform is expected to attract as much as $50bn in foreign investment in 2020. But there’s more, the government says. And not just in the increasingly high-tech manufacturing industry that Mexico has embraced – it is the world’s fourth exporter of cars and first of flat-screen TVs, and its aerospace industry has rocketed. No, Mexico is targeting a range of other areas that are either untapped or could be developed further: think organic agriculture, halal products to serve the world’s 1.2bn strong Muslim market; the development of smart cities; shipbuilding; videogames; and medical tourism.

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Peña Nieto Lures Foreign Funds Not Local Money: Corporate Mexico

July 9, 2014

7/9/14 Bloomberg

international currencyTwo years after Mexico President Enrique Peña Nieto won election on a promise to boost growth, foreign investors are buying his vision. Their Mexican counterparts increasingly are doubting it.

Mexicans cut their holdings of the nation’s equities by 45 percent in the past year and are now the most bearish relative to foreigners since at least 2010, based on data for BlackRock Inc. exchange-traded funds. Global investors raised holdings during the same period. Peña Nieto’s approval rating has fallen to less than 40 percent from 55 percent in the first quarter of last year, according to polling agency GEA-ISA.

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