ALFA is an industrial group with stakes in the petrochemical, iron and steel, food and car components industries. ALFA can be considered one of the largest companies in Mexico in terms of annual sales. At the end of 2002 the company posted a sales figure of € 4.8 bn, thus leveraging itself as the third main industrial group in Mexico.
After the listing, Latibex will be made up of 5 companies from Mexico and 31 stocks from 7 Latin American countries (Argentina, Brazil, Chile, Mexico, Panama, Peru and Puerto Rico), thus consolidating itself as the third biggest market for Latin American stocks by market capitalisation. ALFA will add a capitalisation of € 1.5 bn.
ALFA's A-shares will be traded on the market under the code XALFA and the trading unit will be 10 shares. For non Mexican investors the company's stock carries real estate rights but not voting rights.
BBVA will act as the specialist for the stock, offering ask and bid prices at any time, and providing liquidity for the company's shares.
On December 11th Enrique Flores, Head of Corporate Communications at ALFA, will be presenting the company's strategy to analysts, fund managers and the media at 12:30 hours. The shares will begin trading at 14:00 hours.
ALFA is made up by five business groups, namely: Alpek (petrochemicals and synthetic fibres), Hylsamex (steel products and iron and steel technology), Sigma (refrigerated and frozen food), Versax (aluminium car components) and Onexa (telecommunications).
ALFA, which employs over 35,000 people, runs production facilities in Mexico, the United States, Canada, Costa Rica, El Salvador, the Dominican Republic and the Czech Republic. Its products are marketed in over 45 countries. ALFA has established alliances and strategic links with 20 companies from the U.S, Japan, Europe, South America and Mexico, all of which are leading companies in the industries in which they operate.
The shares of ALFA and its subsidiary, Hylsamex, are currently traded on the Mexican Stock Exchange.
