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Pemex Settles Differences with Repsol

Jan 27, 2012

Pemex has agreed to work with the management of Spain’s Repsol and to keep its ownership stake in the company. The more cooperative stance marks major turnaround for the Mexican state-owned oil company, which up until now had sought to build alliances with other shareholders to revamp management at the Spanish firm. The companies are putting together a 10-year...

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You won’t see a $140 billion figure [from India-LatAm trade, as you do with China]. It’s not the government driving it. These are corporates that are accountable to those from whom they raise money.

Ashutosh Maheshvari, CEO of Motilal Oswal Investment Banking


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