43.KIO on Mexico’s data-center opportunities; Natixis on local asset-management plans; GAP-CBX merger; ASUR bid for South American airports; Aeromexico prices IPO
Octavio Camarena, CEO of KIO, Mexico’s leading local data-center company, talks to us about the company’s ambitious expansion plans, power bottlenecks, and why a successful data-center build-out is relevant to Mexico’s AI competitiveness. Then French-owned Natixis explain their local asset-management push, driven by rising savings and pension assets. Eduardo and Damian analyze GAP’s purchase of CBX from its controlling shareholders and the move to internalize technical assistance; dilution now, potential gains later. They also cover ASUR’s bid for a South American airport bundle, and how Aeromexico priced its IPO despite tough U.S.–Mexico travel conditions. Finally, they dissect the current investment slump which suggests Plan Mexico is not working - and why U.S. business is pressing Mexico for clear, predictable investment and tax rules.Prueba Whitepaper 30 días gratisCompra tu gorra o ilustraciones de Whitepaper aquí
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42. Uber Mexico Heads Explain Strategy, Revolut CEO on Mexico Opportunities, U.S. Route Bans Hit Mexican Airlines, the Debate Over Credit Card Fees, and Mercado Libre Outperforms Oxxo and Walmex
This week on MexMoves, Uber’s top Mexico executives break down their strategy and why the country has become one of Uber’s biggest global markets. Juan Guerra, CEO of Revolut Bank Mexico, discusses how the fintech will be adapting its European model to Mexico (ie, credit will be a bigger part of the story). We examine the U.S. route bans hitting Mexican airlines, the government’s controversial plan to slash credit card fees and impact on FinTechs, and the wildly divergent fortunes of Mercado Libre, Oxxo, and Walmex in 3Q25 amid a slowing consumer backdrop.Try Whitepaper 30 days freeBuy your Whitepaper merch here
This week we interview Sebastián de Lara, Chief Regulation and Expansion Officer at Finsus, one of Mexico’s few profitable fintechs, to explore its path toward regulated scale. We then preview Aeroméxico’s upcoming IPO, highlighting its impressive post-COVID recovery powered by higher fares and sharp efficiency gains. In M&A, GE Vernova’s $5.3 billion purchase of Xignux’s remaining 50 percent stake in Prolec underscores investor appetite for electricity-infrastructure assets amid the AI-driven energy boom and highlights the valuation gap between Mexican industrials and U.S. buyers—echoing the Grupo Herdez joint-venture sale earlier this year. We also unpack Mexico’s insurance VAT truce, where firms like Qualitas and AXA avoid massive retroactive tax bills but accept higher costs from 2025 onward. Meanwhile, GM’s strong Q3 results show Mexico’s tariff exposure easing more than expected, though new investment flows are shifting north as the automaker doubles down on U.S. production. Finally, Revolut secures its long-awaited banking license in Mexico—after four years of waiting—and now faces the ultimate challenge: how to compete and profit in Latin America’s toughest fintech market without offering credit.Try Whitepaper 30 days freeBuy your Whitepaper merch here
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40. HR Ratings on Mexico & the U.S.; Mexico Tech Week; Mercado Libre Fights New Tax Rules; Plata Valued at $3.1 B; Orbia Jumps on Divestiture Rumors; and AFORES Keep Growing
We interview Pedro Latapi, CEO of HR Ratings, on the firm’s growth in Mexico and now the U.S. and its rating outlook for both markets. Bernardo Cordero, founder of Mexico Tech Week, joins to discuss Mexico’s startup and tech ecosystem. Plus: Mercado Libre challenges the government over planned withholding taxes on third-party sellers, Orbia jumps on divestiture rumors, Plata’s valuation climbs to $3.1 billion after another $250 million raise, and AFORES’ influence keeps growing across Mexico’s capital marketsTry Whitepaper 30 days freeBuy your Whitepaper merch here
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39. Mexico Dealmaking, Arbitration & Amparos; Chico Pardo Wins Banamex; Bitso Rolls Out Free U.S. Stock Trading
We interview Jean-Michel Enríquez, partner at Creel, García-Cuellar, Aiza y Enriquez SC, on the impact of the judicial reform on dealmaking, arbitration as a workaround, the amparo debate, and the business of corporate law in Mexico. Eduardo and Damian cover Chico Pardo’s apparent win over Grupo México in the battle for Banamex; potential disruption in the brokerage market after Bitso’s move to offer free U.S. stock trading; the paradox of splashy foreign investment announcements versus declining fixed investment; and fresh USMCA risks.Try Whitepaper 30 days freeBuy your Whitepaper merch here
Each week, Damian Fraser and Eduardo García dissect Mexico’s most important business stories with global impact—and bring on a guest to explore a subject the headlines missed
México