Nutrisa debuts on the stock market this Thursday
Grupo Nutrisa , the ice cream, candy, and coffee shop retail business of Grupo Herdez, will debut this Thursday as a spin-off issuer. While it will initially retain the same shareholders as its parent company because it is part of a dividend in kind, this will allow it to remain operationally independent.
Herdez intends to complete the spin-off by distributing 321.6 million Nutrisa shares through a dividend in kind equivalent to 6.15 pesos per share, resulting in a market capitalization of 1.978 billion pesos.
For GBM analysts, Herdez's plan represents a strategic step toward generating value for both issuers, with operational independence and, therefore, a more precise strategic focus. Furthermore, they believe that for investors, this transaction offers direct exposure to two distinct and highly visible business platforms.
So far this year, Herdez has seen a 28% increase in its share price to 70 pesos per share.
Volkswagen Bank , the business unit of Volkswagen Financial Services, raised 2.5 billion pesos with the sale of two bonds on the Mexican Stock Exchange with three- and five-year maturities.
The first bond, maturing in 2028 and ticker symbol VWBANK25, which will pay a variable interest rate, raised 1.4 billion pesos. Meanwhile, the bond maturing in 2030 and ticker symbol VWBANK25-2, which will pay a fixed interest rate, raised 1.1 billion pesos.
The bonds received 'AAA.mx' ratings from Moody's Local and 'mxAAA' from S&P Ratings, the highest ratings in the local investment-grade asset classification of both rating agencies.
Jorge Alegría, CEO of the Mexican Stock Exchange Group, has new responsibilities, as he has been appointed vice president of the Ibero-American Federation of Stock Exchanges (FIAB).
Likewise, Juan Pablo Córdoba, CEO of NUAM, was re-elected as president of FIAB.
According to the statement, both directors were unanimously elected by the Federation's member exchanges and seek to promote the development of Ibero-American capital markets.
Serfimex Capital, a lender and lessor of small and medium-sized businesses, announced the expansion of a funding line with the National Bank of Foreign Trade (Bancomext) to a total of 1 billion pesos (US$54.6 million), with the aim of providing financing for the tourism sector.
The 200 million peso (11 million dollar) extension strengthens a relationship of more than 10 years of collaboration between the two institutions that began in July 2015, according to the company.
To date, the resources provided by Bancomext have supported 111 companies, totaling 2.381 billion pesos.
Eleconomista
