PEMEX (Petroleos Mexicanos) has advanced talks to acquire the majority of the shares in the shipyard “HIJOS E BARRERAS, S.A.” (Spain).
To put it in two lines, they used the ties between both countries to great benefit. The plan is to perform a transfer of technology to the mexican country in a moderate amount of time.
This is a questionable move for my countrymen and a no brainer for the mexican giant. The shipyard just has a bad hand, coming from insolvency less gracifully than a phoenix and still in a pitiful shape.
The main question: where are the other players in this top notch auction? Russians tried without much emphasis to make the same move to Kaliningrad but they came a bit before the feast.
You know what, leave someone there. You never know when the party starts but if you are not there at all, you´ll be late to the party.