Grupo Mexico sells almost all shares in airport operator GAP

Grupo Mexico sells almost all shares in airport operator GAP
# 11 December 2021 07:23 (UTC +04:00)

Railroad and mining company Grupo Mexico has sold almost all of its shares in Mexican airport operator Grupo Aeroportuario del Pacifico (GAP), a regulatory filing showed on Friday, APA reports citing Reuters.

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.

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THE OPERATION IS BEING PERFORMED