Grupo BAL
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Grupo BAL is a cluster of Mexican companies in various sectors of the economy. Its president was Alberto Gonzalez Baillères,[1] the second richest man in Mexico in 2013, according to Forbes.
The conglomerate is involved in Mexican sectors such as trade, energy, metallurgy, finance, insurance, pensions, investments, agriculture, health care, and music.
Major companies[]
Grupo Nacional Provincial[]
(GNP) is the largest insurance company in Mexico, with more than 20% of the market share in the country. It is the only insurance company with 100% domestically based capital. It is also perhaps the oldest domestically-based insurance company in Mexico, having existed since at least the early 20th century.
Palacio de Hierro Group[]
El Palacio de Hierro is a department store chain that points to the most affluent market in Mexico, with international brands, many of which operate exclusively as Hermes, Burberry, Adolfo Dominguez, etc. Founded in 1891 by a Frenchman, it became the first department store in Mexico, the retail chain Grupo Bal joined in 1963.
In addition to the operating department stores (a total of 9), the group has diversified into the restaurant industry, design (with the concept ' Palace House '), travel, spa and boutique brands of design and clothing like Burberry and Mango.
Instituto Tecnológico Autónomo de México[]
The Instituto Tecnológico Autónomo de México ITAM (Autonomous Technological Institute of Mexico) before Mexico Institute of Technology (ITM), was founded on March 29, 1946 by the Mexican Association of Culture bringing together an outstanding group of bankers, industrialists and businessmen, led by Don Raúl Baillères in order to make higher education the engine of industrial and economic change in Mexico.
Peñoles[]
Peñoles is a company in the mining and metallurgical operations in Mexico and Latin America. It is the world's largest producer of refined silver and bismuth among others, as well as Latin America's largest producer of lead and zinc.
Profuturo Group[]
Born from GNP, Profuturo is a retirement fund manager (Afore, the Mexican equivalent of a 401(k)) of Mexican workers. The company is the fourth largest sector and the only one that isn't backed by a financial group.
VALMEX[]
It is a brokerage born in 1979, offering specialized products and services for investment in the Mexican market.
References[]
- ^ Estevez, Dolia (17 February 2015). "Mexican Billionaire Bailleres "Snags" Oil Expert To Head Petrobal, Pemex's First Private Competitor". Forbes. Retrieved 12 April 2020.
External links[]
- Conglomerate companies of Mexico