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Eugenio Garza Laguera

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BUSINESS
October 29, 1991 | JUANITA DARLING, TIMES STAFF WRITER
Investors led by the chairman of Mexico's top brewery made the winning bid Monday for Bancomer, the country's second-largest bank, with an offer to pay the government $2.5 billion for a controlling interest. Eugenio Garza Laguera--whose Monterrey-based Visa Group had revenue of $1.6 billion last year, mainly from the sale of such well-known beers as Tecate, Dos Equis and Superior--is a member of the third generation of Mexico's leading industrial dynasty.
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BUSINESS
October 29, 1991 | JUANITA DARLING, TIMES STAFF WRITER
Investors led by the chairman of Mexico's top brewery made the winning bid Monday for Bancomer, the country's second-largest bank, with an offer to pay the government $2.5 billion for a controlling interest. Eugenio Garza Laguera--whose Monterrey-based Visa Group had revenue of $1.6 billion last year, mainly from the sale of such well-known beers as Tecate, Dos Equis and Superior--is a member of the third generation of Mexico's leading industrial dynasty.
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BUSINESS
October 30, 1991 | GREG JOHNSON
The sale of Bancomer, Mexico's second-largest bank, to a group of private investors in that country should have no immediate effect on Grossmont Bank, a La Mesa-based bank that is owned by Bancomer, Grossmont President Donald Clague said Tuesday. Mexican officials Monday announced that an investor group led by Eugenio Garza Laguera, the chairman of Mexico's top brewery, had made the winning bid for Bancomer. The group will receive 51% of the bank's stock in exchange for $2.5 billion.
BUSINESS
November 29, 1991 | JUANITA DARLING, TIMES STAFF WRITER
The major shareholders of the world's largest Coca-Cola bottler and Mexico's top brewery plan to auction off their controlling interests to repay a $900-million U.S. bank loan they used to buy Mexico's second-biggest bank, sources said Thursday. "They apparently are having a lot of liquidity problems as a result of the Bancomer purchase," a source on the Mexican Stock Exchange said. Shares of Bancomer and the company that owns the brewery and bottler are traded on the exchange.
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