Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), a major conglomerate in the retail and beverage sectors in Mexico, has announced a definitive agreement to divest a significant portion of its logistics subsidiary, Solistica, to Grupo Traxion for approximately 4.06 billion Mexican pesos (around $208 million USD). This transaction, revealed on October 10, 2024, represents a […]
Coeur Mining, Inc. has announced its acquisition of SilverCrest Metals Inc. through a definitive agreement, seeking to consolidate its position as a preeminent global silver producer. The acquisition entails Coeur Mining obtaining all of SilverCrest Metals’ issued and outstanding shares, whereby SilverCrest Metals shareholders will receive 1.6022 Coeur Mining common shares for each of their […]
Mexican baking conglomerate Grupo Bimbo, S.A.B. de C.V., has unveiled its latest move in the global baking industry—a strategic acquisition of Brazil’s iconic bakery company, Wickbold. This transaction, which includes the well-known Wickbold® and Seven Boys® brands, marks a significant expansion for Grupo Bimbo in South America, underscoring its strategy to strengthen its foothold in […]
Organon and Eli Lilly and Company have expanded their commercialization agreement for Emgality, a leading migraine treatment, into 11 additional markets, reinforcing their commitment to addressing one of the most prevalent neurological disorders worldwide. Organon and Eli Lilly Expand Emgality Agreement Organon, a global healthcare company with a focus on women’s health, and Eli Lilly […]
The Zama Unit partners, consisting of Wintershall Dea, Pemex (operator), Talos Energy, and Harbour Energy, have awarded a pivotal Front-End Engineering and Design (FEED) contract to the French engineering firm DORIS. This significant contract involves the design and planning of offshore platforms, extensive pipeline networks, and a new onshore facility at the Dos Bocas Maritime […]
In a significant development for international remittance, Viamericas Corporation, a renowned licensed remittance company, has announced its integration with 24Xoro, enhancing the options available for remittance beneficiaries in Mexico. This strategic partnership aims to provide Viamericas customers with an expanded array of locations and methods for their remittance recipients in Mexico, marking a pivotal step […]
In a pivotal development for the global LNG market, Mexico Pacific has signed a third long-term Sales and Purchase Agreement (SPA) with ExxonMobil LNG Asia Pacific (EMLAP) for an additional 1.2 million tonnes per annum (MTPA) of Liquefied Natural Gas (LNG) from Train 3 of its Saguaro Energia project. This project, situated on the west […]
In a significant development for the energy sector, Wood has secured a detailed engineering contract for the topsides facilities of Woodside Energy’s Trion Floating Production Unit (FPU) in the Mexican waters of the Gulf of Mexico. HD Hyundai Heavy Industries, serving as the project’s engineering, procurement, and construction (EPC) provider, awarded the contract to Wood. […]
In a horrifying turn of events, gunmen stormed a Christmas season party in Salvatierra, a town in Mexico’s north-central state of Guanajuato, leaving a dozen people dead. This brutal attack, occurring early Sunday, has sent shockwaves through the region, known for its violent cartel conflicts. Rising Violence in Guanajuato State prosecutors also disclosed a separate […]
LTIMindtree, an Indian global technology consulting and digital solutions company, has marked a significant expansion in Latin America with the inauguration of a new Delivery Center in Mexico City. The opening ceremony, held on December 14, 2023, was attended by dignitaries including His Excellency Pankaj Sharma, Ambassador of India to Mexico, and Fadlala Akabani, Minister […]