August 24, 2021


Business and Funding News

Common Sense News Summary – August 23


-Pfizer, BioNTech, with full endorsement of the vaccine against covid-19, open the door to being mandatory in the US

Pfizer, an American biopharmaceutical, obtained full approval from the United States health regulator for the vaccine against covid-19 that it developed in conjunction with its German counterpart BioNTech, a fact that in addition to helping to dispel doubts from a part of the population on the safety of vaccines, it also opens the door to the possibility of establishing their mandatory application.

-USA and Mexico markets start week with highs despite disappointing data

The stock markets of Mexico, like the New York index the Nasdaq Composite, reached levels never seen before despite the publication of weak economic data thanks to some opportunity purchases that were opened by last week’s adjustments.

-AlphaCredit receives rejection for commercial tender, missing information

AlphaCredit Capital, a finance company specialized in consumption and small and medium-sized companies, received a setback to its plans to start restructuring its finances and negotiating with creditors under the protection of the law.

-Lala initiates offer to acquire shares and delist from the BMV

Grupo Lala, the largest dairy producer in the country, advances in its process to stop being listed on the Mexican Stock Exchange, by announcing the start, this day, of the public acquisition offer for up to all the shares that is in the hands of the great investing public.

-Sports World renegotiates credit contracted in 2020 for refinancing

Sports World, one of the main gym chains in the country, renegotiated a bank loan for one billion pesos (49 million dollars) that it obtained in August 2020 to refinance previous liabilities.

-Ford appoints del Castillo as president, director for Mexico

Ford Motor, an American automaker, appointed Luz Elena del Castillo as the new president and director in Mexico, Puerto Rico, Central America and the Caribbean, a position she will occupy as of October 1 with the task of leading the marketing, sales and marketing operations. service, as well as overseeing product development, purchasing, and manufacturing plants in the region.

-Volkswagen Mexico will introduce a new Jetta 2022 that it will manufacture in Puebla

Volkswagen de México, one of the main vehicle manufacturers in the country, will introduce the Jetta 2022 model to the market, which it will manufacture at its Puebla plant and which will have design changes in the front and rear fascia, among other modifications.

-Vista increases stake to 100% in block CS-01

Vista Oil & Gas, an energy company with operations in Mexico and Argentina, completed an asset transfer through which, through one of its subsidiaries, it increased its stake from 50% to 100% in the rights over the CS- operated block. 01, following an agreement on August 16 with the regulator National Hydrocarbons Commission (CNH).

-DNV requests a new extension for the second report of the accident report on Line 12

Det Norske Veritas (DNV), the Norwegian company in charge of the expert opinion on the causes of the collapse of part of Line 12 of the Metro Collective System, which occurred in May, asked the authorities to extend the deadline for the delivery of the second part of the report , which was scheduled to be presented this Monday.

-Orbia chooses Kelly to replace Guillermo for vice-presidency of finance

Orbia Advance Corporation, a conglomerate that offers solutions in the areas of agriculture, water, urban development and connectivity, appointed James P. Kelly as the senior vice president of finance, replacing Edgardo Guillermo Carlos, who announced in June his departure from the company.