Grupo Mexico

Grupo Mexico railroad merger approved

A Mexican tribunal ruled in favor of Grupo Mexico in its fight to merge its two railroad units, throwing out a complaint by competition authorities, the company and the antitrust regulator said on Monday.

Grupo Mexico (GMEXICOB.MX: Quote), which owns copper mines in Mexico, Peru and the United States, also operates Ferromex, Mexico's largest railroad company. In 2005, Grupo Mexico bought another rail line, Ferrosur, through a subsidiary.