MARKETS
The FTSE-BIVA index closed on June 15 at 1,143.08 down from its June 8 close at 1,124.58.
The MXN/USD exchange rate closed at 17.13 pesos to the dollar on June 15 down from its close of 17.38 pesos on June 8.
The Mexican 10-year bond (2031) closed on Thursday with a yield at 8.836% up slightly from a yield of 8.797% on June 1.
The FTSE-BIVA Top Stock Gainers for the week were: ALSEA (+10.56%), GCC (+6.88%) and CHEDRAUI (+5.40%) and the Biggest Losers were: AXTEL (-8.25%), PEÑOLES (-6.80%) and GENOMMA LAB (-4.70%).
CORPORATE & MARKET NEWS
Iberdrola, the Spanish multinational electric utility company, reached a binding agreement to sell the 12 combined-cycle power generation plants and a solar park to a trust managed by Mexico Infrastructure Partners and largely owned and financed by government-owned entities for a total of US $6 billion. Iberdrola will retain 13 plants, all its activity with private clients, and its portfolio of renewable projects to continue growing its wind and solar assets in the country in the upcoming years.
C&A Mexico, which operates 78 stores in the country, was sold to Grupo Alfar, owned by Rafael Kalach Romano.
Toyota announced it would invest US $328 million to manufacture its first hybrid pickups in Guanajuato, in a clear indication that the manufacturing of electric and hybrid vehicles is advancing rapidly in Mexico.
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