Mining firm Grupo México bids for GAP

By Doug Newhouse |

Mexican mining company Grupo México has announced that it is seeking to buy out 100% of Grupo Aeroportuario Del Pacífico’s (GAP) share capital, but has reassured investors that if it is successful, it will maintain all of the contracts that GAP currently has with its strategic partner, Aeropuertos Mexicanos del Pacífico.

Last month Grupo México’s board agreed to offer Ps.50 ($4.23) per share to acquire a 30% holding in GAP, which operates 12 airports in the Pacific region of Mexico. 

These include: La Paz, Los Cabos, Puerto Vallarta and Manzanillo serving main tourist destinations; Guadalajara and Tijuana serving the main metropolitan areas; and Mexicali, Hermosillo, Los Mochis, Aguascalientes, Guanajuato and Morelia serving medium-sized cities in Mexico.

 

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