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Grupo Mexico sells almost all shares airport operator GAP -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Grupo Mexico’s logo is seen at the headquarters of its mining and infrastructure company in Mexico City on August 8, 2017. REUTERS/Ginnette Riquelme/File Photo

MEXICO CITY (Reuters] – Grupo Mexico, a Mexican railway and mining company, has nearly sold its entire stake in Mexican airport operator. Grupo Aeroportuario del Pacifico (NYSE:) Friday’s regulatory filing.

Since 2011, when Grupo Mexico stated it would launch a tender for at least 30%, the two companies have been in legal dispute.

GAP stated that its bylaws prohibit shareholders holding greater than 10% of outstanding stock. Grupo Mexican has attempted to reduce its stake.

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