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Food Chain Yanks IPO

Dec 18, 2009

International Meal Company (IMC) has pulled an IPO, blaming market conditions, according to bankers on the deal. The offer, scheduled to price yesterday, was from the LatAm restaurant chain holding company of private equity firm Advent. It faced resistance from investors over the past week, says one buysider. And even bankers on the trade...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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