Grupo Mexico to Divest Highway Operations for $406 Million
June 14, 2025 - 02:37
Grupo Mexico, the prominent copper mining conglomerate led by billionaire German Larrea, has announced its decision to sell its highway operations for a substantial 7.7 billion pesos, equivalent to approximately $406 million. This strategic move marks a significant step in the company's ongoing restructuring efforts aimed at optimizing its portfolio and focusing on core business areas.
The buyers in this transaction are local investment trusts, FIBRAeMX and FEXI, who are expected to leverage the acquired highway assets to enhance their infrastructure investment strategies. This sale reflects Grupo Mexico's commitment to streamlining its operations and reallocating resources towards its primary mining activities, particularly in copper production, which remains a key driver of the company’s growth.
As the market landscape continues to evolve, Grupo Mexico's decision underscores the importance of adaptability in the business sector. The company aims to strengthen its financial position and ensure long-term sustainability in an increasingly competitive environment.
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