- Greatest EBITDA growth quarter on quarter in over two decades - "Unlocking Value" transformational initiative moving forward; focus on Nemak spin-off and Axtel monetization ALFA, S.A.B. de C.V. , a company that manages a diversified portfolio of subsidiaries with global operations announced today its unaudited results for the third quarter of 2020 . All figures have been prepared in accordance with International [...]
- In line with ALFA's strategy to divest Newpek's assets outside Mexico - Transaction includes all wells and leases in the Eagle Ford and Edwards shale formations in Texas - ALFA will recognize a US $58 million gain in 3Q20 EBITDA resulting from the cancellation of obligations - In line with ALFA's recent announcement to unlock value via fully independent subsidiaries SAN PEDRO GARZA GARCÍA, N.L. ALFA S.A.B. de C.V [...]
- Spin-off to unlock ALFA's and its Subsidiaries' high underlying value potential - ALFA will transfer all of its Nemak shares to a new, listed entity; Controladora Nemak - ALFA Shareholders will receive one share of Controladora Nemak for each ALFA share they own - First step in transformational process towards fully independent subsidiaries; versus a conglomerate SAN PEDRO GARZA GARCÍA, N.L. ALFA S.A.B. de C.V. held [...]
SAN PEDRO GARZA GARCÍA, ALFA, S.A.B. de C.V. announced that it will host an Analyst and Investor Day on Wednesday, April 1, 2020 in Mexico City, Mexico and again on Thursday, April 2, 2020 in New York City, NY. This event is for the investment community and will feature presentations by Armando Garza along with Alvaro Fernandez and Eduardo Escalante . Additionally, the executives from Alpek, Sigma, Nemak and Axtel [...]
ALFA and Harbour Energ today commented on the announcement by Pacific Rubiales Energy that the Arrangement Agreement dated May 20, 2015 entered into by, inter alia, ALFA, Harbour Energy and the Company has been terminated. Consequently, their offer to acquire all of the outstanding shares of the Company (other than the ones held by Alfa), has ceased to remain in effect. "The early proxy returns suggested that a [...]
Pacific Rubiales Energy is pleased to announce that it has entered into a definitive agreement with ALFA and Harbour Energy Ltd. and Harbour Energy, pursuant to which a newly-formed company jointly owned by ALFA and Harbour Energy will acquire all of the outstanding common shares of Pacific Rubiales by way of a court-...
Pacific Rubiales Energy announces that it has entered into exclusive discussions in respect of an offer from ALFA, S.A.B. de C.V. and Harbour Energy Ltd., whereby they would acquire all of the issued and outstanding common shares in the capital of the Company not owned by ALFA for a price of C$6.50 per share, subject to completion of definitive documentation and final Board approvals. The Company's Board has constituted a [...]
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