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Posadas Shifts Focus to Ride Mexican Growth

Jul 17, 2012

As part of a continuing strategy to strengthen its balance sheet and refocus on Mexico, Grupo Posadas has sold its South American hotels to France's Accor for $275m, it says. The deal also reflects a renewed focus on Mexico's domestic market at a time when economists are forecasting better numbers for growth in the country and in the tourism sector. "We have completed a very satisfactory transaction that will allow us to reduce our debt levels and look forward to further growth and strengthening our...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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