Latin America’s Corporate Giants

Latin America’s Corporate Giants

Brazil

Telmex, the dominant Mexican telephone operator, is the largest private-sector company in Latin America. With a market capitalization of $30.18 billion it towers above Petrobras, the biggest company in Brazil, whose market capitalization is $20.92 billion. Last year at this time, Petrobras was the largest company in Latin America. But in the last year, the market capitalization of Petrobras, which is majority-owned by the Brazilian government, has fallen by a one-third. This is because oil prices have come down and the real has weakened. In contrast, Mexico's peso has strengthened, even though the economy is in recession. Mexico's largest companies have generally increased their ma

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