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Nomura Sees 5% Chance Foreign Investment Caps Lifted in Mexico

Oct. 4 (Bloomberg) -- Mexico probably won’t pass measures in the short-term to ease foreign investment caps, including a 49 percent limit on holdings of land-line phone companies, according to Nomura Holdings Inc.

Such a measure would have a 5 percent chance of passing in the coming months, Nomura Latin America strategist Benito Berber wrote in a note to clients today. It isn’t clear whether outgoing President Felipe Calderon’s administration will send the bill to Congress, even though a deputy economy minister said in an interview that it would, Berber wrote.

Lifting caps doesn’t appear to be a priority of incoming President Enrique Pena Nieto’s team, and Congress won’t have time to discuss it this session ending in December as it’s dealing with other priority bills, according to Berber.

To contact the reporter on this story: Nacha Cattan in Mexico City at ncattan@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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