The following companies are having unusual price changes in Mexico City trading. Stock symbols are in parentheses, and prices are as of the close of trading.
The IPC index rose 1.4 percent to 40,199.55.
Genomma Lab Internacional SAB (LABB MM) rose 3 percent to 26.38 pesos. The Mexican producer of over-the-counter drugs acquired 20 brands of consumer goods, according to a filing issued yesterday to the Mexican stock exchange. Brands acquired include Fermodyl haircare products sold in Mexico and the U.S. and Bioskin skincare products, the company said. It didn’t disclose financial terms.
Grupo Modelo SAB (GMODELOC MM) rose 0.2 percent to 117.96 pesos. Anheuser-Busch InBev NV, the world’s biggest brewer, agreed to buy the remainder of Mexico’s Grupo Modelo SAB for $20.1 billion in cash. AB InBev said today it will pay $9.15 a share, about 30 percent more than the price of Modelo shares before talks were first disclosed on June 25.
OHL Mexico SAB (OHLMEX* MM), the Mexican unit of Spanish construction company Obrascon Huarte Lain SA, rose 6.2 percent to 16.29 pesos as European leaders reached an agreement that eased concern the region’s banks will fail, bolstering the outlook for global growth. OHL said in a May 29 statement that its legal injunction was accepted by a court in the state of Puebla, which agreed to rule on the legality of a move by the state to withdraw a concession granted to the company.
Sare Holding SAB (SAREB MM), Mexico’s cheapest homebuilder based on book value, was unchanged at 1.37 pesos after climbing as much as 3.7 percent earlier in the day. On June 27, Beamonte Investments Inc.’s managing director Luis Trevino said by phone from Boston that his private equity firm is considering taking a stake in Sare.