The Mexican government said on Monday that local residents voted by about 76per cent to reject the completion of a more than US$1 billion brewery under construction by Constellation Brands Inc , a development likely to further shake investor confidence.
Constellation's shares tumbled 12per cent on Monday to close just above US$105, down from a previous high of US$208 on Feb. 20. "That may be due to a larger perception of risk in Mexico" driven by the vote, said Gabriela Siller, head of economic analysis for Mexico City-based Banco Base. Local activists in Mexicali, just across the U.S. border, argued that the project put water supplies at risk.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر: