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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
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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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.
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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