Salinas Group, like any company in Mexico, has the full right to disagree with the authorities, the company said in a statement on Tuesday. Therefore, in strict adherence to the law, it will resort to the multiple corresponding instances that its legal framework contemplates in order to settle its differences with the tax authorities.

The foregoing, after the First Section of the Superior Chamber of the Federal Tax and Administrative Justice Court (TFJFA) ruled that TV Azteca must pay the Tax Administration Service (SAT) more than 2,447.7 million pesos derived from profits from the sale of actions, for ISR, fines and surcharges

Before said resolution, the group declared that this is a legal process, for more than a decade, that continues and in which it will continue to exercise its right to defend itself from a situation that it considers to be erroneous and excessive charges, which are based on an estimate of illegal and unjust basis.

Terrafine, a investment trust in real estate (fiber) specialized in industrial properties, will invest 47 million dollars in the development of three class A properties, located in the north of the country.

With these projects, the Fibra will add 800,000 square feet to its portfolio of assets and estimates that they will generate 4.5 million dollars in Net Operating Income.

The company said it will continue with its plans to increase its presence in high-growth markets, with the intention of offering value to investors by pre-leasing contracts to multinational and nearshoring clients.

analysts of Citi Research lowered estimates for the S&P/BMV IPC, the main benchmark for the Mexican stock market, shortly after also lowering the investment recommendation to “Neutral.”

The outlook for the index is 58,000 points for the end of the year -2,000 points less compared to the previous estimate- while for the middle of the year they forecast 56,000 points, compared to 57,000 previously.

Analysts also pointed out that, for foreign investors, the Mexican market is still attractive in the context of the sanctions against Russia.

Regarding the favorite issuers, Citi Research highlighted Alpek, Alsea, BanBajío, Banorte, Cemex, Femsa, GAP, Gruma, Grupo México and Orbia.

Log Housethe oldest winery in the Americas, said it will invest 1.5 billion pesos ($73.5 million) in Mexico over the next four years.

The company said that it currently produces 200,000 cases of wine a year in Mexico, in the 400 hectares of cultivation that it has here, of which it exports 10 percent.

The resources will be allocated to the renovation of the winery and sustainability projects, such as the reforestation of the Sierra, modernization of the water infrastructure and the creation of linear parks in order to convert Parras de la Fuente into a sustainable tourism destination and of World class.

Cinepolis was awarded with the “Comscore Emerging Market Spotlight Award”, thanks to its growth in Saudi Arabia, as well as for the contribution to the economic and social development of the film industry in that region.

Within the framework of CinemaCon 2022, the most important global event of the film industry worldwide, which brings together attendees from more than 80 countries in Las Vegas, Nevada, Miguel Mier, global director of Operations of Cinépolis, received this distinction on behalf of the Saudi Arabian team.

Cinépolis carried out a growth plan in the Arabian Peninsula; in 2019, it began with the opening of the first hall complex in Bahrain, followed by the cities of Sohar, Salalah, and Muscat, in Oman.

the giant Telecommunications company América Móvil reported on Tuesday that its profits soared to 30.797 million pesos in the first quarter of 2022, compared to 1.810 million pesos registered in the same period of 2021.

The total income of Américas Móvil, the head of Carlos Slim’s business empire, totaled 211,225 million pesos in the period, 2.4% more than between January and March 2021.


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