Unit Mexican group acquired 60% of two companies involved in the maritime transportation of railway cars between USA and Mexico, The Mexican company announced this on Tuesday.
A subsidiary of GMéxico Transportes, also known as Ferromex, acquired participation in enterprises Railroad Ferry Holdings and Gulf Railroad Ferry Holdings, He reported this in his statement, in which he did not specify the amount of the transaction.
With this project, Ferromex aims to take advantage of the opportunities that will arise as a result of the project. Trans-isthmicindustrial corridor promoted by the Mexican government, including a train that went into service last week connecting the coast Gulf of Mexico with this from Peaceful, in the south of the country.
The operation is expected to be completed in the second quarter of 2024, once U.S. regulatory and investment approvals are received, Ferromex said.
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The acquisition comes amid concerns about cross-border trade between Mexico and the United States, after two railroad crossings were recently temporarily closed due to a surge in traffic migrants and this has caused alarm among railway operators and the agricultural industry due to the economic impact on trade.
This week Mexico is hosting a US delegation led by the Secretary of State Anthony Blinken to take up migration again following a telephone conversation last week between the leaders of both countries, after which President Andrés Manuel López Obrador proposed strengthening measures to combat the flow of people trying to cross the border.
(Reuters)
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
