Mexican Driller Lured to Capital Markets by Oil Opening
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One of Mexico’s largest oil service providers plans to sell stocks or bonds for the first time in anticipation of new projects as the country opens the energy industry to private capital.
Grupo Diavaz -- a closely held company that works with Petroleos Mexicanos, Petroleo Brasileiro SA and China Petroleum & Chemical Corp. in Mexican fields -- will hold talks with stock exchange officials in the coming weeks with a view of debuting in capital markets next year, Chairman Luis Vazquez Senties said in an interview.