The famous businessman Alberto Bailleres Gonzalezwho passed away this Wednesday, February 2, has expanded his legacy of companies to the Mexican stock market.
Of the dozen companies that are part of ball groupfour were listed on the Stock Exchange and together they had a market value of 289,736.43 million pesos, until this Thursday, February 3rd.
Mining companies FrenilloIndustry Penole, Iron Palace Y Provincial National Group has for decades been part of the companies listed on the Mexican stock market, which currently stands at 143.
The four companies have a total weight of 13.39% of the total Mexican Stock Exchange (BMV). The market capitalization of the stock market was $ 459,707.6 million until December last year, according to data from the World Federation of Exchanges (WFE).
Mining was the most outstanding business of the Ball group of companies listed on the country’s stock market. With Industry Penole Y Frenillo consolidates a market capitalization of 243.204 million pesos or 84% of the total market value of its four public companies.
Fresnillo, the world’s leading silver miner and one of Mexico’s largest gold producers also operating on the London Stock Exchangeis the most valuable public company of the Group that belonged to the businessman Baillères González.
The mining company, which debuted as a public company in May 2008, has a 1.67% stake in BMV. Its market value is 157 695.2 million pesos. Each of its shares is listed at a price of 214 pesos on the BMV.
In the first nine months of 2021, its silver production reached 40.2 million ounces and it produced 600.9 thousand ounces of gold.
Industria Peñoles, based in Torreón, Coahuila, is the second largest mining company in Mexico. Its market capitalization is approximately 85.509 million pesos, placing it with a weight of 0.90% within the stock market.
The main gold producer in the country It has been listed on the local stock market since 1968 and currently each of its shares is traded at 215.66 pesos, according to data from the stock exchange.
Peñoles operates five mining units in Mexico; four of them produce zinc, lead and copper. It also has a presence in Peru. Its third-quarter sales were $ 1,431.2 million.
Grupo Bal’s stock market businesses also cover the commercial and financial sector, with companies such as the department store chain Iron Palace and the insurance company Grupo Nacional Provincial (GDP).
The Insurer is the third most valuable company in this quartet of issuers. With shares trading at 125 pesos and with more than 224 million titles in the hands of the investing public, it reaches a market value of 28.015 million pesos.
According to BMV data, BNP started operations 119 years ago and since 1946 its shares have been listed on the stock market, reaching a share of 0.30% in the stock market.
The company has made a series of moves in its structure. One of these was the merger of La Nacional and La Provincial in 1993, which changed its name to Grupo Nacional Provincial.
By the third quarter of 2021, it had a portfolio of four million insured customers in the life, major medical expenses, damages and car segments
El Palacio de Hierro, which was listed on the stock market in 1990 and whose shares are not widely traded. It reports a “market capitalization” of 18 517.5 million pesos, which places it as the fourth most valuable company belonging to the Ball conglomerate on the stock exchange.
Each newspaper of the luxury department store chain in Mexico is listed at a price of 49 pesos and has 377.8 million shares in circulation.
The firm has more than 130 boutiques located in malls outside Palacio de Hierro stores, in addition to 14 departmental units. It also has three branches The Palace Boutique and three Palacio Outletas well as two stores Palace House.
The stores are located in the metropolitan area of Mexico City, Puebla, Guadalajara, Monterrey, Villahermosa, Querétaro and Veracruz.
Between January and September 2021, its sales reached 23.095 million pesos, an increase of 43.9% compared to the same quarter of 2020.
Reference-www.eleconomista.com.mx