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Mexican firms set to gain from Cuba saga

America Movil, Cemex, Coca-Cola Femsa up at least 5% since the US move to restore ties

Mexico City

US CRUISE lines and hoteliers aren't the only potential beneficiaries from a thaw in relations with Cuba. Onboard sodas and materials to build resorts could come from Mexican providers.

Coca-Cola Femsa and Cemex are among the Mexican companies poised to capture a slice of the expansion of the Cuba market, according to ING Groep. Herzfeld Caribbean Basin Fund says that after the US, Mexico has the most businesses that would get a boost from the end of the Cold War freeze.

"Cuba is next door," Eric Conrads, an ING money manager based in New York, said. "It's a natural market. The Cuba Libre cocktail uses Coke. And the libre represents freedom, so it's an interesting mix."

Cuba's possible...

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