Grupo Mexico sells almost all shares in airport operator GAP
Reuters
Published Dec 10, 2021 09:47PM ET
Updated Dec 10, 2021 10:10PM ET
(Refiles to add dropped word in headline)
MEXICO CITY (Reuters) - Railroad and mining company Grupo Mexico has sold almost all of its shares in Mexican airport operator Grupo Aeroportuario del Pacifico (NYSE:PAC) (GAP), a regulatory filing showed on Friday.
The two companies had been locked in a legal battle since 2011 when Grupo Mexico said it planned to launch a tender offer for at least 30% of the airport operator.
GAP has said its bylaws limit shareholders to holding no more than 10% of its outstanding stock and has been trying to force Grupo Mexico to reduce its stake.
(This story refiles to add dropped word in headline)
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Written By: Reuters
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