AMLO Wins as Expected and Was Already Baked Into Our Mexican Airport Valuations
Yesterday Mexicans elected Andrés Manuel López Obrador, or AMLO, as their next president in a landslide victory in which AMLO won just over 53% of the vote; he will take office Dec. 1, 2018. AMLO campaigned as a populist but based on his tenure as mayor of Mexico City, we think he will turn out to be a moderate in many areas. That said, we do believe Mexican policy vis-à -vis the energy sector and trade with the U.S. will change significantly. But we don’t see an AMLO administration touching the ...
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