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Case file s899 · Business dynasties · 1973
1973
Eugenio Garza Sada (cropped): The Eugenio Garza Sada Memorial at the Monterrey Institute of Technology and Higher Education in Monterrey, Nuevo León, México.
Eugenio Garza Sada (cropped). Creative Commons Monterrey. CC BY 3.0, Wikimedia Commons.
Died
17 September 1973
Place
Monterrey, Nuevo León, Mexico
Field
brewing, steel, glass, chemicals and banking · Business and finance on the timeline
Legal tradition
Mexican company law; family shareholder agreements · Civil law
Historical event
Mexico's Dirty War and the Liga Comunista 23 de Septiembre

Guerrillas killed Eugenio Garza Sada in a kidnapping attempt in 1973, and his family split the Monterrey Group into four

Eugenio Garza Sada led the Monterrey Group, the industrial holdings of the extended Garza Sada family, and founded the Tecnológico de Monterrey in 1943. At 9:05 on 17 September 1973 a six-member commando of the Liga Comunista 23 de Septiembre stopped his car at the corner of Villagrán and Luis Quintanar in Monterrey. The group planned to hold him for a ransom of 5 million pesos and the release of jailed comrades. His bodyguards fired back. Garza Sada, 81, was mortally wounded. His driver Bernardo Chapa Pérez, his bodyguard Modesto Torres Briones and two of the attackers also died. After his death the family empire broke into four parts. A family member told The New York Times there was no falling out, but "there was a real problem as to who would be next 'supreme.'" The family moved shares among its branches and divided the group. The largest part, Alfa, went to Bernardo Garza Sada and expanded into petrochemicals, fibres, machinery and television sets. In 1982 Alfa lost $233 million and stopped paying its debts. In 1986 its banks forgave $920 million in return for 45 percent of its stock. The Liga's first leader was captured in 1974 and disappeared.

What the law took from it

A group held together by one patriarch needs a named successor before he dies.

Cite as: celebrity.estate, “Guerrillas killed Eugenio Garza Sada in a kidnapping attempt in 1973, and his family split the Monterrey Group into four,” story s899, https://www.celebrity.estate/garza-sada-1973, updated 30 October 2026.

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