News
2023
11
August 11, 2023
Banking and Finance
Mergers and Acquisitions
Citi acquires Deutsche Bank’s Mexican licence as it eyes IPO
Ritch Mueller represented Deutsche Mexico Holdings and Süddeutsche Vermögensverwaltung GmbH, as sellers, in the transfer of all of their shares representing the capital stock of Deutsche Bank México, in favor of Grupo Financiero Citibanamex and Citi GSCP, as purchasers. Read note...
26
July 26, 2023
Competition and Antitrust
Newsflash - Mexican Supreme Court invalidates Advertising Law
What was the purpose of the Advertising Law? Prevent media agencies from acquiring advertising space for their own account, requiring that they may only do so in the performance of a contractual mandate granted by a client; Require media agencies to transfer any discounts obtained from...
25
July 25, 2023
Energy and Infrastructure Projects
Newsflash - Resumption of deadlines and legal terms before the Energy Regulatory Commission
On July 20, 2023, the Energy Regulatory Commission ("CRE") published Decree number A/023/2023 (the "Decree") in the Federal Official Gazette ("DOF") ordering that, as of the date of its publication, Decrees A/001/2021 and A/004/2023 shall cease to have effect. On one hand, CRE’s Decree...
19
July 19, 2023
Mergers and Acquisitions
VEI counsels Regcheq on USD$2 million investment round
Ritch Mueller represented Regcheq in the acquisition of UBCubo, a legal tech company that provides IT solutions to ensure compliance with anti-money laundering obligations. Read note...
18
July 18, 2023
Capital Markets
Vesta closes IPO on New York Stock Exchange and raises over USD$445 million
Ritch Mueller represented Corporación Inmobiliaria Vesta, in its initial public offering of 14,375,000 American Depositary Shares (ADSs) in the New York Stock Exchange (NYSE), representing 143,750,000 shares of its common stock, at a price of USD$31.00 per ADS, raising gross proceeds of...
14
July 14, 2023
Capital Markets
Familiar firms advise on América Móvil US$1 billion offering
Ritch Mueller represented BBVA Securities, Citigroup Global Markets, Goldman Sachs, HSBC Securities (USA), J.P. Morgan Securities, Morgan Stanley, and Santander US Capital Markets , as underwriters, in the issuance and placement by América Móvil of MXN$17,000 million of its Senior...
06
July 06, 2023
Capital Markets
BBVA México billion-dollar offering calls on four firms
Ritch Mueller represented BBVA Securities, Credit Agricole Securities, Goldman Sachs & Co., and J.P. Morgan Securities, in connection with the offering by BBVA México of US$1,000 million of its 8.450% Fixed Reset Subordinated Preferred Tier 2 Capital Notes due 2038, issued under...
05
July 05, 2023
Capital Markets
CABEI raises US$278 million in Mexican bond issuance
Ritch Mueller represented the Central American Bank for Economic Integration, in connection with the issuance of MXN$5,000 million Medium-Term Floating and Fixed Rate Notes issued under foreign legislation, pursuant to an authorized program for an aggregate amount of up to USD$10,000 million....
04
July 04, 2023
Competition and Antitrust
Newsflash - COFECE launches investigation of the market of digital goods and services
On July 3, 2023, the Investigative Authority of the Mexican Federal Economic Competition Commission ("COFECE") announced the initiation of an investigation based on a complaint regarding possible relative monopolistic practices in the market for the development, marketing and sale of digital goods...
27
June 27, 2023
Banking and Finance
Ritch Mueller and White & Case steer loan extension
Ritch Mueller represented Engen Capital, in a loan extension granted by Citibanamex. Read note (subscription site)...
