You will be redirected back to your article in seconds

Azteca stocks up in Spain

Net, Elektra will begin listing on Latibex

MEXICO CITY– TV Azteca, Mexico’s second-largest network, will list its stock on Spain’s Latibex market as of today, the company said.

The Spanish-language producer will be traded under the symbol XTZA.

Simultaneously, electronics retailer Grupo Elektra — which, like Azteca, is owned by Ricardo Salinas Pliego — will begin listing on Latibex. The two companies will have a combined market capitalization of $3.7 billion, Azteca said.

Azteca is already traded on the New York Stock Exchange and Mexico’s Bolsa de Valores, but network executives say listing on Latibex will expose its equity to a new group of potential investors.

Latibex is the only stock market that focuses entirely on Latin American companies, and its location in Spain is designed to draw European investors into the region. Including Azteca and Elektra, seven Mexican companies are traded on the Latibex exchange.

“Incorporation into the Latibex market will allow accessing a universe of savvy European investors,” said Mario San Roman, Azteca’s CEO, in a release.

More Biz

  • Gloria Calderon Kellett and Tanya SarachoTune

    'One Day at a Time,' 'Vida' Teams Challenge Other Series to Donate to End Border Separation

    MEXICO CITY– TV Azteca, Mexico’s second-largest network, will list its stock on Spain’s Latibex market as of today, the company said. The Spanish-language producer will be traded under the symbol XTZA. Simultaneously, electronics retailer Grupo Elektra — which, like Azteca, is owned by Ricardo Salinas Pliego — will begin listing on Latibex. The two companies […]

  • Sydney Holland

    Sumner Redstone's Ex-Fiancee Settles Lurid Elder Abuse Lawsuit

    MEXICO CITY– TV Azteca, Mexico’s second-largest network, will list its stock on Spain’s Latibex market as of today, the company said. The Spanish-language producer will be traded under the symbol XTZA. Simultaneously, electronics retailer Grupo Elektra — which, like Azteca, is owned by Ricardo Salinas Pliego — will begin listing on Latibex. The two companies […]

  • poses backstage during the Songwriters Hall

    Cara Hutchison Promoted to Vice President at Rogers & Cowan

    MEXICO CITY– TV Azteca, Mexico’s second-largest network, will list its stock on Spain’s Latibex market as of today, the company said. The Spanish-language producer will be traded under the symbol XTZA. Simultaneously, electronics retailer Grupo Elektra — which, like Azteca, is owned by Ricardo Salinas Pliego — will begin listing on Latibex. The two companies […]

  • Tamara Hrivnak

    Facebook’s Tamara Hrivnak Talks Company’s Music Moves: ‘We Want to Build the Future Together With You’

    MEXICO CITY– TV Azteca, Mexico’s second-largest network, will list its stock on Spain’s Latibex market as of today, the company said. The Spanish-language producer will be traded under the symbol XTZA. Simultaneously, electronics retailer Grupo Elektra — which, like Azteca, is owned by Ricardo Salinas Pliego — will begin listing on Latibex. The two companies […]

  • robert kirkman

    Amazon Orders Animated Series 'Invincible' From 'Walking Dead' Creator Robert Kirkman

    MEXICO CITY– TV Azteca, Mexico’s second-largest network, will list its stock on Spain’s Latibex market as of today, the company said. The Spanish-language producer will be traded under the symbol XTZA. Simultaneously, electronics retailer Grupo Elektra — which, like Azteca, is owned by Ricardo Salinas Pliego — will begin listing on Latibex. The two companies […]

  • Byron Allen Strictly Business

    Strictly Business Podcast: Byron Allen Expands in TV and Film, Fights for 'Economic Inclusion'

    MEXICO CITY– TV Azteca, Mexico’s second-largest network, will list its stock on Spain’s Latibex market as of today, the company said. The Spanish-language producer will be traded under the symbol XTZA. Simultaneously, electronics retailer Grupo Elektra — which, like Azteca, is owned by Ricardo Salinas Pliego — will begin listing on Latibex. The two companies […]

  • Tarana Burke. Participants march against sexual

    'Weinstein Effect' Leads to Jump in Sexual Harassment Complaints

    MEXICO CITY– TV Azteca, Mexico’s second-largest network, will list its stock on Spain’s Latibex market as of today, the company said. The Spanish-language producer will be traded under the symbol XTZA. Simultaneously, electronics retailer Grupo Elektra — which, like Azteca, is owned by Ricardo Salinas Pliego — will begin listing on Latibex. The two companies […]

More From Our Brands

Access exclusive content