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Mexican antitrust watchdog probes rail firms

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“Mexico is investigating railroad companies Ferromex and Ferrosur to see if they are operating in collusion, months after the anti-trust agency denied them permission to merge, the watchdog said on Monday.

Mining giant Grupo Mexico (GMEXICOB.MX: Quote, Profile, Research) announced in November that tycoon Carlos Slim had sold it his Ferrosur rail business in exchange for a $310 million stake in the miner’s ITF transport business, which operates Ferromex.”

Posted on: October 3rd, 2006
Curation from Tomás
Filed Under: 1. Hispanic News, Business, International
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