BEST CORPORATES - Grupo México

Jul 12, 2017

While well-known companies in the region sold assets overseas, Grupo México added an important US railway corridor to its holdings

Aaron Weinman

In a year filled with negative rhetoric over US relations with Mexico and uncertainty over the future of the North American Free Trade Agreement (NAFTA), the mining and railway company Grupo México bought a major asset north of the border.

The company, through its transportation division GMéxico Transportes, agreed in March to buy Florida East Coast Railway (FEC) from Fortress Investment Group for $2.1 billion. Grupo México said it would invest $350 million in FEC and also...

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