Posted On: 12/26/2016 3:25:57 PM
Post# of 51861
Jose Cuervo is postponing its IPO after Trump's win craters Mexican markets
The valuation of many Mexican companies has been hit by Trump's surprise victory on Nov. 8, fueled by concern about the U.S. president-elect's campaign promises to renegotiate or scrap the North American Free Trade Agreement.
The company has said proceeds from the IPO will be used to fund growth, as well as broaden its portfolio. (Reporting by Lauren Hirsch in New York and Christine Murray in Mexico City; Additional reporting by Alexandra Alper in Mexico City; Editing by Marguerita Choy)
http://www.businessinsider.com/jose-cuervo-po...in-2016-11
The valuation of many Mexican companies has been hit by Trump's surprise victory on Nov. 8, fueled by concern about the U.S. president-elect's campaign promises to renegotiate or scrap the North American Free Trade Agreement.
The company has said proceeds from the IPO will be used to fund growth, as well as broaden its portfolio. (Reporting by Lauren Hirsch in New York and Christine Murray in Mexico City; Additional reporting by Alexandra Alper in Mexico City; Editing by Marguerita Choy)
http://www.businessinsider.com/jose-cuervo-po...in-2016-11
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