News / Grupo México acquires Florida railway for US$2.1bn

Grupo México acquires Florida railway for US$2.1bn

🕔 April 3, 2017
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GMéxico Transportes S.A. de C.V. (GMXT), the transportation business unit of Grupo México, and the Florida East Coast Railway Holdings Corp (FEC) have announced that they have entered into an agreement under which GMXT will acquire FEC in an all cash transaction. The acquisition is expected to close subject to satisfaction of closing conditions including the receipt of applicable government approvals.


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