The Rio Times
Americas · 13 mins ago
Norwegian oil-backed sovereign wealth fund backs Mexican chemicals group Orbia, airline Volaris and 18 other firms as Equifax buys credit bureau for $750 million
Mexico · Investment Key Facts —World’s Largest Fund Norway’s Government Pension Fund Global is a $2.05 trillion state-owned fund, meaning even small portfolio shifts can signal confidence or concern to international markets. —Selective Divestment The fund previously sold all its Pemex bonds over corruption risks and excluded Grupo Carso on tobacco ethics grounds, showing its continued equity backing of 20 Mexican firms is a deliberate bet. —Equifax Deal Value The $750 million enterprise value paid for Círculo de Crédito represents a premium on the credit bureau’s $134 million annual revenue, underlining the high-growth premium global firms place on Mexican data assets. —Unique Credit Bureau Círculo de Crédito is Mexico’s only credit bureau operating both consumer and commercial services, g
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