a day ago
Grupo Mexico Will Sell Highway Business for $406 Million
Grupo Mexico, the copper mining conglomerate controlled by Mexican billionaire German Larrea, will sell its highway business for 7.7 billion pesos ($406 million) to local investment trusts FIBRAeMX and FEXI in the latest move to restructure the company.
Proceeds from the sale of around 80% of Concesionaria de Infraestructura del Bajío, known as CIBSA, and some 99% of shares of Operadora de Infraestructura del Bajío, or OIBSA, will go toward investment projects in Mexico and be spread across the company's other businesses, Grupo Mexico announced in a statement on Friday.
