Alfa asks to spin off Axtel on BMV

Alfa asks to spin off Axtel on BMV

Bonds Mexico Capital Markets Asset Management Telecoms

Mexican conglomerate Alfa said Monday that it will hold a shareholders' meeting on July 12 to discuss the spin-off of telecommunications company Axtel on the BMV exchange in Mexico City. Alfa plans to form a new company called Controladora Axtel and give its shareholders a share for every share they hold in Alfa, the Monterrey-based conglomerate said in a press release. "We are convinced that the proposed spin-off is the best step forward. Alfa shareholders continue to gain autonomy as we simpli

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