The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Fox looks to wake up the market

       
Carlos Slim

Being a minority shareholder in Mexico has never been easy. Despite the promise of high returns on investments against the backdrop of long-term economic growth, the struggle for company information and a say in the running of a company can seem endless.


In the words of one US-based institutional investor, there is "a deeply entrenched disregard for minority shareholders in Mexico. Companies do not want to relinquish control. The system is stacked against us."


Indeed, Vitro, Mexico's biggest glassmaker, recently said it was considering going on a spending spree in China at a time when investors are crying out for the company to cut its $1.6 billion debt.


In the name of accountability, Mexican president Vicente Fox has signed into law a series of capital market reforms aimed at upgrading minority shareholders' rights and better protecting investors' interests.




You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree