Particle.news
Download on the App Store
5 ARTICLES
·
last mo.

Sheinbaum Secures Blackstone Expansion and Walmart Entry to Plan México

The president’s flagship Plan México program attracts commitments from the asset manager after a record quarter with the retailer joining the initiative

Claudia Sheinbaum, presidenta de México, sostuvo un encuentro con el cofundador y actual presidente de Blackstone, Stephen A. Schwarzman, en Palacio Nacional | @Claudiashein ·

Overview

  • President Claudia Sheinbaum hosted Blackstone CEO Stephen A. Schwarzman at Palacio Nacional and announced the firm will broaden its investments in Mexico under Plan México.
  • Blackstone’s expansion follows a quarterly report showing over $1.2 trillion in assets under management, a 13 percent annual increase, and $1.626 billion in net earnings.
  • Walmart CEO Doug McMillon confirmed the retail giant will integrate into Plan México and invest in the country, though she did not disclose specific sectors or funding amounts.
  • Plan México seeks to strengthen Mexico’s domestic market and reduce reliance on foreign consumption by aligning private capital with national production and infrastructure goals.
  • Details on investment sizes and target industries for both Blackstone and Walmart remain under negotiation, with formal disclosures expected once agreements are finalized.