garza sada family alfa

ALFFF Stock | News | ALFA SAB DE C Stock Price Today | Analyst Opinions It is the largest of the four holding companies that constitute the Monterrey Group, which encompasses the holdings of the extended Garza Sada family, Mexico's wealthiest. About 70 percent of the foreign lenders agreed to exchange about $639 million of the debt for about $385 million in debt owed by Mexico itself and about $69 million in cash. . Let's all cycle! Geneanet. Father of Private User; Private and Private. 2023 . Garza Sada Family: 35.63: Government Pension Fund - Global . The net worth of Bernardo Garza Sada and his family was estimated at $1.5 billion in 1996. Therefore, that information is unavailable for most Encyclopedia.com content. Isidro Vizcaya Canales, Los orgenes de la industrializacin de Monterrey (1971). Isaac married Consuelo Sada Muguerza, daughter of Francisco Sada Gmez, and in 1899 founded with his father-in-law Fbrica de Vidrios y Cristales de Monterrey, of which he became president. CEMEX, S.A.B. DE C.V. : Shareholders Board Members Managers and Company Much, Marilyn, Mexico: The Long Road Back, Industry Week, August 8, 1983, pp. https://www.encyclopedia.com/humanities/encyclopedias-almanacs-transcripts-and-maps/garza-sada-family, "Garza Sada Family Its assets grew from $315 million to $1.5 billion between 1974 and 1978, its sales from $194 million to $836 million, and its income from $21 million to $83 million. Versax, S.A. de C.V. was an Alfa subsidiary engaged in the production of aluminum cylinder heads and in three other industries: carpets and rugs, mattresses, and building supplies. Alfa took a 26 percent interest in the company, Alestra, with Visa and Bancomer holding 25 percent and AT&T holding the remaining 49 percent. He is also Professor at the University of Montral, Professor at Instituto Tecnol?gico y de Estudios Superiores de Monterrey, Professor at EGADE Business School and VP-Sustainability & Social Responsibility Culture at Sigma SA de CV and on the board of 6 other companies. [1] He was survived by his wife and three children. Versax, S.A. de C.V. was an Alfa subsidiary engaged in the production of aluminum cylinder heads and in three other industries: carpets and rugs, mattresses, and building supplies. Alfas total debt was 18.5 billion pesos ($2.7 billion). The untimely death of Eugenio Garza Sada, who was murdered in September 1973, served as a catalyst in breaking up the beer, glass, and steel empire into four separate, but complementary, holding companies. He also said Alfa would enter retailing by opening 25 home-improvement stores over the next five years. Mr. Armando Garza Sada serves as an Executive Vice President of Corporate Development of Grupo Industrial Alfa, SA de CV. (Mexico's central bank) from 1998 to 2008. The early 1990s were not as good a period for Alfa, as world demand for petrochemicals and steel slowed. Alpex was Alfas biggest subsidiary, accounting for 44.5 percent of the parent companys revenues in 1996. Now, she says, she is a virtual outcast in Monterrey where friends and relatives either completely avoid her or send notes saying , "Congratulations, but you must understand I can't be seen talking to you." "It's too close to a school, I am suddenly told by the authorities. Learn more here: [sub. Bernardo Garza Sada. Alfa did so well that the Garza Sada family was able to buy back much of the equity it had surrendered to its creditors. In addition, foreign lenders who were owed $273 million and Mexican banks holding about $301 million in Hylsa debt agreed to stretch out the loan repayments over 15 years and received 21 percent of Hylsa's common stock. He was President of Versax and of Sigma. Eugenio, the oldest of this generation, took over the leadership of a major group of interlocking corporations, which became known popularly as the "Monterrey Group." Garza Sada Family | Encyclopedia.com Manufacturing ventures in television sets, bicycles, and tractors were sold. The most famous of these groups, the ALFA industrial group, the largest in Latin America in the early 1980s, was founded by Bernardo Garza Sada, grandson of Isaac and son of Roberto. Alfa is listed on the Mexican Stock Exchange and the Latibex, the Latin American market in the Madrid Stock Exchange. Petrochemicals, aluminum auto parts, refrigerated foods, telecommunications. This was followed in 1996 by net income of 3.06 billion pesos ($400 million) on net sales of 27.83 billion pesos ($3.64 billion). Husband of Private. By the end of the year it was predicting a $60 million loss and it finally reported an actual loss of $120 million. Chairman of the Board of Directors of ALFA, S.A.B. The creditors also were paid $25 million by Alfa and $200 million in Mexican government debt. This company was involved in the entire steelmaking process from mining iron ore to manufacturing and distributing steel products. Eugenio Garza Sada 1892-1973 Married 16 April 1921, Monterrey, Nuevo Len, Mxico, toConsuelo Josefina Lagera Zambrano 1901; We would like to show you a description here but the site won't allow us. The events that followed are still shrouded in mystery. Debtwire's shareholder profile of the Garza Sada family - (Alfa, Femsa The corporate staff was slashed from 4,000 to 1,000, and later to 400. "So if the secret, passionate encounters came to a halt," she writes, "his tequila business received powerful injections of capital. These children, in turn, intermarried with other prominent Monterrey families, including the Laguera and Seplveda families. de C.V., known as Cemex, is a Mexican multinational building materials company headquartered in San Pedro, near Monterrey, Mexico. This would bring Mexico's basic industries - oil and electricity were already nationalized - under state control and would represent a major patriolic achievement for Echeverria. "Mexican Businessman Bernardo Garza Sada Dies", "Mexican magnate Bernardo Garza Sada dies at 79", "Muere el empresario Bernardo Garza Sada", https://en.wikipedia.org/w/index.php?title=Bernardo_Garza_Sada&oldid=1147935076, Massachusetts Institute of Technology alumni, Articles with dead external links from April 2023, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 April 2023, at 03:52. The two men did the firing were found dead later that day, their bodies thrown behind a cemetery Salinas says she has had access to court documents, judges and cabinet ministers and writes of contradictions between statements of police, witnesses and the accused. Web site: http://www.mannesmann.com Hippocrates (c. 460-c. 370 B.C.) Please help update this article to reflect recent events or newly available information. In addition, foreign lenders who were owed $273 million and Mexican banks holding about $301 million in Hylsa debt agreed to stretch out the loan repayments over 15 years and received 21 percent of Hylsa's common stock. A 15-member board was named to govern the company, of which nine would be named jointly by the foreign banks and the Garza Sada family. He married Margarita Sada Garca on 11 February 1921, in Monterrey, Nuevo Len, Mexico. Roderic Ai Camp, Entrepreneurs and Politics in Twentieth Century Mexico (1989). ." Eugenio Garza Sada on Instagram: "APPLY NOW! We already start the application period for the 3rd generation of Dandelions! Except that school has been there for 10 years. Pratt, Lawrence, Alfa of Mexico Stops Paying Debt Principal, Wall Street Journal, April 28, 1982, pp. Garza Sada is currently the Chairman of the Board of Directors of ALFA, S.A.B. Under a complex arrangement, the creditor banks forgave $920 million in Alfa's debt in return for 45 percent of its stock. Alfa, S.A. de C.V. is a holding company for subsidiaries engaged in telecommunications services and in producing, marketing, and distributing petrochemicals, synthetic fibers, steel and steel products, refrigerated foods, auto parts, carpets and rugs, mattresses, and building supplies. Armando Garza Sada: ALFA S.A.B. Armando Garza Sada (deceased) - Genealogy //]]>, Avenida Gomez Morin 1111San Pedro, Garza Garcia, Nuevo Leon 66220Mexico(528) 335-9781, (528) 335-9228Fax: (528) 335-9781, (528) 335-9588, Public CompanyIncorporated: 1974 as Grupo Industrial Alfa, S.A. de C.V.Employees: 23,412Sales: 27.83 billion pesos (US $3.64 billion, 1996)Stock Exchanges: Mexico CitySICs: 1011 Iron Ores; 2011 Meat Packing Plants; 2033 Natural Processed & Imitation Cheese; 2099 Food Preparations, Not Elsewhere Classified; 2273 Carpets & Rugs; 2821 Plastic Materials, Synthetic Resins & Nonvulcanizable Elastomers; 2824 Manmade Organic Fibers, Except Cellulosic; 3312 Steel Works, Blast Furnaces (Including Coke Ovens) & Rolling Mills; 3316 Cold-Rolled Steel Sheet, Strip & Bars; 3317 Steel Pipe and Tubes; 3714 Motor Vehicle Parts & Accessories; 4813 Telephone Communications, Except Radiotelephone; 5211 Lumber & Other Building Materials Dealers; 6719 Offices of Holding Companies, Not Elsewhere Classified.

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