Mexico City, Oct 8 - Shares of Comercial Mexicana plummeted 26.64 percent in opening trade on Wednesday after the company said recent peso weakness is making it more difficult to meet foreign currency-denominated debt.
Comercial Mexicana, or Comerci, lost 4.14 pesos to 11.40 pesos minutes after the opening bell, and trading of the shares was later suspended.
The company said on Tuesday it was in talks with creditors to meet debt obligations in foreign currencies, as recent peso weakness had increased the amounts it owes.
The Mexican peso weakened more than 12 percent on Wednesday session alone.
Merrill Lynch dropped Comerci from its Latin American focus list on the debt news and replaced it with brewer Grupo Modelo .