The Mexican Stock Exchange, or Bolsa Mexicana de Valores (BVM), is Mexico's only stock exchange. It is the second largest stock exchange by market capitalisation in Latin America. Interestingly, BMV itself is a public company which is listed on its own stock exchange in a 2008 IPO.
Bimbo sealed a $2.5 billion US acquisition despite tight credit and a highly uncertain outlook. The bread maker bets demand holds steady both sides of the border.
Wal-Mart’s recent Chile buy has raised expectations of more LatAm deals to come from the retail behemoth. Others will likely join the shopping spree.
Energy sector consolidation looks set to continue, fueled by incoming Europeans, growing large locals and cash-strapped exiting small caps.
The crisis has claimed some high profile Mexican corporate scalps. But there are still some stalwarts worth looking at, say analysts.
Mexico’s markets are stalled, but investors remain confident about long-term prospects. Recovery will be painful, but perhaps include long-awaited structural changes.
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Mexico City Time