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Grupo Mexico aims for early rail unit IPO

Thursday, April 30, 2015

Mexican mining, transport and infrastructure company Grupo Mexico said it plans to launch the initial public offering of its ITM rail unit as soon as market conditions allow.

"We continue to plan on placing the IPO as soon as possible, and as soon as we're ready and market conditions are appropriate," Rogelio Velez, chief executive officer of Ferromex, the main railroad of ITM, told a conference call.

Source: Reuters