Food Industry News

Jose Cuervo hold an IPO on the Mexican Stock Exchange

The world's largest manufacturer of tequila, Jose Cuervo, has applied for an IPO on the Mexican stock exchange, reports Reuters.

As part of the IPO the company will try to raise between $ 750 million to $ 1 billion.

Ability to conduct IPO Jose Cuervo still considered to 2006 years, and in October of the year 2015 CEO Juan Domingo Beckmann said that the IPO could take place in the coming year.

At the Jose Cuervo has to 33% of the world's tequila. In 2015 the company's sales totaled about $ 1 billion, two-thirds of the company's revenue bring US and Canadian markets, while Mexico -. One-fifth.

See also ... 21/08/2012 Diageo aims to buy Mexican tequila Jose Cuervo for $ 3 billion12 / 12/2012 Diageo stopped negotiations on the purchase of tequila Jose Cuervo17 / 09/2013 In Belarus increased quotas for the production of strong alcohol26 / 09/2012 Alcohol imports in Russia grew by a quarter in 2012 08/06/2012 Belarus can supply “innovative” alcohol products to foreign markets28 / 05/2015 “Rust” will start delivering Bushmills whiskey to Russia25 / 04/2013 Simple became a distributor of Patron tequila 02/04/2015 Export Scotch whiskey hit 16 years old 01/07/2016 John Paul DeJoria: “Business from the bottom” 18/05/2015 28 Roust lost leadership in the vodka market04 / 2016/2015 Estonian Altia Eesti profit in 43 fell by 17% 04/2015/21 Synergy reduced alcohol shipments04/2016/13 Mexico: Diageo tries to change taxation11 / 2015/0,5 Altia Eesti invests € 22 million in new equipment William Lawson's will receive a registration near Moscow

Add a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to combat spam. Find out how your comment data is processed.