Pemex closes a cycle

WITH LANDING from Adán Augusto López to the Ministry of the Interior, changed the correlation of forces within the so-called Tabasco Group.

The most vulnerable is the director of Pemex, Octavio Romero, and his second on board, the corporate director of Administration and Services, Marcos Herrería, on whom there are already several complaints.

Complaints range from creating a network of coyotes who charge commissions to release late bill payments to contractors, to turning Pemex into a placement agency for family and friends.

Apart from the fact that President Andrés Manuel López Obrador empowered Adán Augusto as virtual chief of the cabinet and asked to order him, his relationship with his compatriot Romero is not good at all.

Although the two enjoy the sincere affections of the tenant of the National Palace and have been accompanying him in his political project, they belong to political groups that are antagonistic.

With the adjustments that López Obrador made first in the Ministry of Finance and later in the Ministry of the Interior and in the Legal Department, Pemex is going to enter a new stage in which Romero does not fit.

Rogelio Ramírez de la O’s acceptance of joining the cabinet was always conditional on having control of the energy sector, particularly Pemex, where he has already taken his first steps.

The financier is not in conflict with Romero, in fact they have known each other for many years and are getting along. The changes he is already introducing would not even imply the departure of the agronomist.

The position that the secretary is interested in taking is that of the corporate Finance department, headed by Alberto Velázquez, who will join the Treasury in the next few days.

A cycle in Pemex closes, that of the first half of López Obrador’s six-year term, and another opens, that of the second part, in which it is intended to rescue the main productive company of the State.

First, it will be capitalized with seven billion dollars, then the Shared Utility Right paid to the Federation will be drastically reduced and later new investment instruments will be issued.

That is the initial roadmap for Adán Augusto, politically, and Ramírez de la O, financially. Can they move the rheumatic elephant?

ABOUT ÁLVAREZ PUGA Associates, it should be noted that no reparatory agreement is being negotiated. Investigations, both by the Attorney General’s Office, led by Alejandro Gertz Manero, and by the Financial Intelligence Unit, led by Santiago Nieto, have been carried out many months ago and involve alleged money laundering and organized crime. Indeed, the law firm of Guillermo Barradas and Roberto Díaz took the case and ex-legal counsel Julio Scherer has nothing to do with this rugged file. The litigants enjoy full reputation. Since 2016, they have also taken the representation of the creditors of Oro Negro, in another dispute, this one against the businessmen Gonzalo Gil and José Antonio Cañedo, a counter-controversy dating from the government of Enrique Peña Nieto. The governor of Puebla, Miguel Barbosa, entrusted them with the case of the Jenkins Foundation and, before that, the leaders of the Cruz Azul Cooperative, José Antonio Marín and Víctor Manuel Velázquez, the litigation against Guillermo “Billy” Álvarez, who was finally expelled yesterday .

MEXICAN CAMPANAZO: BROXEL, chaired by Gustavo Gutiérrez, and the Miami Dolphins, owned by Stephen Ross and directed by Tom Garfinkel, announced yesterday in the United States an agreement for the technology company in payment methods to become the official card of this NFL team. The issue is relevant given that it is the first Mexican fintech to have an agreement with a team from the most powerful sports league in the world. The Miami Dolphins have nine million fans in the neighboring country. Broxel enters the Florida market, one of the most important, to compete with global financial companies. The cards will be available for the entire North American market at the end of this year and will be accompanied by the Broxel APP, with a commercial offer focused on experiences and rewards related to American football. The agreement also contemplates that the Hard Rock Stadium, where Formula One will be held from 2022, is converted into a 100% cashless experience.

THEN WITH THE news that the Chalco-Santa Martha Trolleybus project went through the roof. The day before I informed him that it would be around three billion pesos. Nothing to see. Carlos Hank Rhon’s Peninsular offered seven thousand million 372 thousand 848 pesos, HYCSA of Alejandro Calzada seven thousand million 436 thousand 698 pesos, ICA directed by Guadalupe Phillips seven thousand million 570 thousand 836 pesos, VISE of Santiago Villanueva seven thousand million 648 thousand 690 pesos, General Contractor of Latin America of Hilario Orozco seven thousand million 768 thousand 128 pesos, GAMI of Manuel Muñozcano seven thousand million 893 thousand 472 pesos and Mota-Engil of José Miguel Bejos eight thousand million 508 thousand 989 pesos. In the end, the Ministry of Mobility of the State of Mexico, headed by Luis Limón, shot up. The point is that the money for its financing will come from the government of Andrés Manuel López Obrador.

WHO IS FOR leaving Advent International is its managing partner, Enrique Pani. He landed in 2016 as head of the Mexican office alongside Luis Solórzano, who eventually left as well. The last few years have not been very good to say for venture capital funds. The market is dry. Of the operations that Advent has been able to carry out in that time, consider the sale of the Gayosso funeral homes, after seven years of having them in the belly. It tried to acquire the Universidad del Valle de México and Unitec but in the end the selling party, the Laureate Education chain, headed by Eilif Serck-Hanssen, gave up.

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