Company delistings lead to capital flight from Mexico

Company delistings lead to capital flight from Mexico

Bonds Debt Equity Mexico Capital Markets

The delisting of shares by foreign companies and the spin-offs of others resulted in a capital flight of $3 billion from the Mexican market in September, a spokesperson at the central bank told LatinFinance on Tuesday. Last month marked the largest outflow from the local stock exchange since June 2013, when $3.95 billion left the country, according to data from Banco de México, also known as Banxico. According to Carlos González, director of market analysis and strategy at financial services fir

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