Market: Mexico

Graham steers Betterware’s sustainable issuance in Mexico

Graham Abogados, SC has helped household appliance company Betterware on a two-tranche sustainable bond issuance worth 1.5 billion Mexican pesos (US$74 million).

24 September 2021

Grupo Bimbo gets first sustainable financing

Skadden, Arps, Slate, Meagher & Flom LLP in New York and Galicia Abogados in Mexico City have helped food company Grupo Bimbo obtain a sustainability-linked loan worth US$1.75 billion.

22 September 2021

Santander’s PagoNxt acquires stake in Mexican fintech

Mexican fintech PagoNxt Merchant Solutions, an affiliate of Banco Santander, has hired Jáuregui y Del Valle, SC to acquire a majority stake in local payment services company Mercadotecnia, Ideas y Tecnología (MIT).

22 September 2021

Mexico declares win in dispute with satellite operator

Mexico says it has defeated an investment treaty claim for more than US$120 million brought by France's Eutelsat over the reservation of satellite capacity for use by the state.

22 September 2021

Live Nation revives acquisition of OCESA in Mexico

US company Live Nation Entertainment has hired Mexico’s Creel, García-Cuéllar, Aiza y Enríquez, SC to resume its purchase of a controlling stake in OCESA Entretenimiento, a leading concert promoter in Latin America, from media groups Televisa and CIE, for 8.8 billion Mexican pesos (US$444 million).

20 September 2021

Vista and Jaguar swap oil blocks in Mexico

Mexico’s Vista Oil & Gas has turned to Creel, García- Cuéllar, Aiza y Enriquez SC to transfer its shares in two local oil blocks to Jaguar Exploración y Producción, which handed its stake in a third block to Vista.

20 September 2021

Hogan Lovells steer landmark USMCA car factory labour dispute

Hogan Lovells LLP in Washington, DC and Mexico City has helped the Mexican subsidiary of US auto parts manufacturer Cardone reach an agreement with the United States Trade Representative (USTR) to compensate over a hundred workers, after former employees accused the company of preventing them from switching trade unions.

17 September 2021

Rappi obtains financing for Mexican fintech venture

Mexico’s González Calvillo, SC has helped the local branch of Colombian on-demand delivery start-up Rappi get a loan of 1 billion Mexican pesos (US$49 million).

14 September 2021

Arca buys Ecuadorean snacks producer Carlisnacks

Mexico’s Arca Continental has relied on Pérez Bustamante & Ponce (PBP) in Quito and Salaverri, Burgio & Wetzler Malbrán in Buenos Aires to purchase Ecuadorean snacks producer Carlisnacks.

08 September 2021

Mercado Livre buys logistics company in cross-border deal

The Brazilian branch of Buenos Aires-headquartered e-commerce company Mercado Libre has relied on Bronstein, Zilberberg, Chueiri e Potenza Advogados in São Paulo and Brigard Urrutia in Bogotá to acquire Brazilian logistics company Kangu.

07 September 2021

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