Grupo Mexico sells almost all the shares of GAP airport operator Reuters By
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MEXICO CITY (Reuters) – Grupo Mexico, a railroad and mining company, has sold almost all of its shares in the Mexican airport operator. Pacific Airport Group (NYSE 🙂 (GAP), a regulatory filing shown on Friday.
The two companies have been embroiled in a legal battle since 2011 when Grupo Mexico said it planned to launch at least 30% of the airport operator’s bid.
GAP said its bylaws limit shareholders to holding more than 10% of its outstanding shares and has tried to force Grupo Mexico to reduce its stake.
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