European companies investing more in Mexican acquisitions
wvxni2022-09-09T15:38:57+00:00European investors are adding to their portfolios in various sectors of the Mexican economy, including industry and real estate In early August, the French company Vinci Airports announced it will become the leading shareholder of Grupo Aeroportuario del Centro Norte (OMA) by agreeing to purchase 29.99% of the Nuevo León–based company that runs 13 airports in Mexico, including one of its busiest, Monterrey International Airport. A few weeks later, the Netherlands-based firm IMCD, a leading distributor of specialty chemicals and advanced materials, announced it had signed an agreement to buy 100% of the Mexico-based plastics firm PromaPlast. “European companies see in Mexico an opportunity for investment in various sectors,” an article in Expansión magazine analyzing those moves and others declared this week. According to data from the Bank of Mexico (Banxico), investment in Mexico by European countries represented some 17.5% of the total foreign investment at the end of 2021, an amount close to US $4.82 [...]