Mexico Isn’t a ‘Boring Story,’ Exchange Officials Insist

Wall Street Journal, 11/19/2012

Mexican stock-exchange officials have exciting news they want to share: The booming local market is primed to continue booming, no matter how frothy its rally may seem.

At present, the Mexican stock market has several things going for it, observers say, including steady domestic growth, abundant global liquidity and low returns on fixed-income investments to entice traders to take on risk.

Mexico’s macroeconomic house is in order, with gross domestic product expected to expand nearly 4% this year, inflation mostly under control, healthy banks, and relatively cheap real estate. Manufacturing is also strong and, an exchange official says, the competitiveness gap with China is closing.

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Mexichem Prices Shares in $1.2 Billion Capital Increase

Wall Street Journal,10/10/2012

Photo by Flikr user LyfetimeMexican chemicals company Mexichem MEXCHEM.MX +1.42%SAB de CV priced shares at 60 pesos ($4.66) in a capital increase for up to $1.2 billion that the company plans to use to finance expansion projects. Mexichem said in a filing with the Mexican stock exchange that about 40% of the shares were sold locally and that the shares, including overallotments, represent 12.4% of the company.

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Mexico Pension funds hungry for Santander unit offering

Reuters, 8/30/2012

Mexican pension funds look set to pounce on the impending listing of a quarter of Spanish bank Santander’s local unit in a deal that could prompt other banks to follow suit.

The Santander Mexico offering, due in late September and on course to be one of the biggest ever on the Mexican stock exchange, could raise between $3 billion and $4 billion .

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