a failed acquisition
The acquisition of Banamex seemed to come to fruition last weekbecause even on Thursday, one day before the publication of the decree by which the Secretary of the Navy would seize these railways, Gabriel Yorio, Undersecretary of Finance and Public Credit, affirmed that the negotiations for the institution were reaching their culmination.
The other applicants for the bank, such as Carlos Slim, Salinas Pliego and Santander, including Daniel Becker, general director of Banca Mifel, who arrived until the final stretchThey had already lowered their hand, but Larrea, a low-profile man with no social networks, remained.
“Larrea was never from the López Obrador group, he was always a businessman who I suppose he did not love very much, and although he is part of his advisory council of businessmen, he is not Slim or any other nearest employer”, mentions César Salazar, researcher and doctor in Economics.
This year there was a discrepancy between both characters due to the latest amendments to the Mining Lawfrom which the time of the concessions was reduced from 100 to 80 years and that, for its obtaining process, the scheme of the first applicant was modified by the public offer of acquisition.
The foregoing could not be less for Larrea, who has amassed most of his fortune from the exploitation of minerals, mainly copper.