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Mexico's Alfa says spun-off Controladora Nemak to list on December 14

Alfa shareholders would receive a single share in the new entity, Controladora Nemak, for every share they hold in Alfa

Controladora Nemak. Photo: Courtesy

Mexican conglomerate Alfa said on Friday its spun-off autoparts company Controladora Nemak would start trading on the Mexican stock exchange from December 14 after financial authorities gave their approval for the listing.

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Alfa shareholders would receive a single share in the new entity, Controladora Nemak, for every share they hold in Alfa, the company added in a statement.

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