Fibra Uno’s Early Redemption Plan
Fibra Uno, Mexico’s largest real estate investment trust, aims to fully redeem $75 million worth of fiduciary bond certificates with the FUNO 15 key. The company intends to carry out this early redemption on May 30th, according to a statement.
The full redemption will be at the nominal value of these FUNO 15 certificates, plus accrued and unpaid interest on the principal amount of the certificates.
El Palacio de Hierro’s New Leadership
Starting June 25th, El Palacio de Hierro will be led by French executive Éléonore de Boysson. This change in leadership at Mexico’s second-largest department store chain signifies more than just a replacement for Juan Carlos Escribano, who will retire after a decade at the helm. It represents a strategic direction for the company’s future.
Boysson previously held leadership roles in Europe and the Middle East at DFS Group, a travel retail company, and Samaritaine, a department store owned by the French luxury conglomerate LVMH.
Berkshire Hathaway Adjusts Financial Positions
Berkshire Hathaway has realigned its financial holdings by selling stakes in Citi and the Brazilian neobank NuBank.
According to a filing with the SEC, Berkshire reported holding 14.6 million Citi shares valued at $1.03 billion and NuBank shares worth $416 million.
Berkshire also reduced its Bank of America holdings, decreasing from $680.2 million to $631.6 million.
With the acquired capital, Berkshire increased its positions in Constellation Brands, Domino’s Pizza, Pool Corp, Heico, Sirius XM, Verising, and Occidental Petroleum.
New Super Post Panamax Crane for Hutchison Ports ICAVE
Manufactured by Shanghai Zhenhua Heavy Industries, a new Super Post Panamax crane arrived in Veracruz port over the weekend to join Hutchison Ports ICAVE operations.
The investment totaled 226 million pesos, and once operational, the remote manipulation technology will enable an arm reach of 68 meters.
Key Questions and Answers
- What is Fibra Uno’s early redemption plan? Fibra Uno intends to fully redeem $75 million worth of fiduciary bond certificates with the FUNO 15 key at their nominal value plus accrued and unpaid interest.
- Who is the new CEO of El Palacio de Hierro? Éléonore de Boysson, a French executive with extensive experience in luxury retail, is the new CEO of El Palacio de Hierno.
- How has Berkshire Hathaway adjusted its financial positions? Berkshire sold stakes in Citi and NuBank, reduced Bank of America holdings, and increased positions in several companies using the acquired capital.
- What is the new Super Post Panamax crane for Hutchison Ports ICAVE? A new crane manufactured by Shanghai Zhenhua Heavy Industries arrived in Veracruz port, enabling a 68-meter arm reach with remote manipulation technology.
