Skip to content

Mexico Eyes Market Reform to Allow Dual-Class Shares, Woo Family-Owned Firms

  • Would make blocking hostile takeovers easier: people familiar
  • Country seeks to end a 5-year drought in major public listings
People enter Mexico's stock exchange in Mexico City.

People enter Mexico's stock exchange in Mexico City.

Photographer: Cesar Rodriguez/Bloomberg
Updated on

Mexico is considering changes to its stock market law to entice family-controlled companies to go public in a bid to end a years-long drought in public listings and help attract more investors to Latin America’s second largest economy.

The reforms being reviewed by regulators and government officials would both allow dual-class share listings and make it easier to block hostile takeovers, according to people with knowledge of the discussions and a draft proposal seen by Bloomberg News. Deputy Finance Minister Gabriel Yorio said on Thursday the government was “very close” to a final version of a bill that would also simplify the process to list securities in Mexico.