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Grupo Mexico raises stake in airport operator

Tuesday, April 7, 2015

Railroad and mining company Grupo Mexico has further trimmed its stake in Mexican airport operator Grupo Aeroportuario del Pacifico to 23.6 percent, from the 24.8 percent it reported in October.

The two companies have been locked in a legal battle since 2011 when Grupo Mexico said it planned to launch a tender offer for at least 30 percent of the airport operator.

Source: Reuters