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Grupo Mexico sells nearly all shares airport operator GAP By Reuters


© Reuters. FILE PHOTO: The emblem of mining and infrastructure agency Grupo Mexico is pictured at its headquarters in Mexico Metropolis, Mexico, August 8, 2017. REUTERS/Ginnette Riquelme/File Photograph

MEXICO CITY (Reuters) – Railroad and mining firm Grupo Mexico has bought nearly all of its shares in Mexican airport operator Grupo Aeroportuario del Pacifico (NYSE:) (GAP), a regulatory submitting confirmed on Friday.

The 2 corporations had been locked in a authorized battle since 2011 when Grupo Mexico stated it deliberate to launch a young provide for at the very least 30% of the airport operator.

GAP has stated its bylaws restrict shareholders to holding not more than 10% of its excellent inventory and has been making an attempt to power Grupo Mexico to cut back its stake.

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