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- ANTI-MONOPOLY AGENCY REJECTS NEW EFFORT BY TWO MAJOR RAILROADS TO MERGE OPERATIONS.
- Two of Mexico's largest railroad companies, Ferrocarril Mexicano FERROMEX and Ferrocarril del Sur FERROSUR, failed in yet another attempt to merge their operations into a single entity. In a ruling announced Nov. 15, the federal anti-monopoly agency (Comision Federal de Competencia, CFC) reaffirmed an earlier...
- Research articles 2006-11-29
- Ferrosur is not allowed to trasnsport methanol.
- Argentina, May 16, 2002 The cargo railroad company Ferrosur, of the Fortabat family, will start suspending its staff and it could give back the concession of this service to the State if it is not allowed to transport methanol from Repsol YPF's plant to...
- Research articles 2002-05-23
Additional Resources
- CFC investigates possible Ferrosur-Ferromex `merger`.
- Mexico, Feb 26, 2002 Grupo Mexico has presented the Comision Federal de Competencia CFC with an official request for permission to 'concentrate' the shares of Ferrocarril del Sureste Ferrosur, of Grupo Carso, and Ferromex, now part of Grupo Mexico. Grupo Mexico submitted relevant ...
- Research articles 2002-02-27
- TMM opposes Carso-Grupo Mexico rail merger.
- Mexico, Jan 30, 2002 Grupo TMM, owner of the controlling stake in Grupo Transportacion Ferroviaria Mexicana TFM, has come out in opposition to a merger between Ferrosur Ferrosur and Ferrocarril Mexicano Ferromex as announed by Grupo Carso and Grupo Mexico. TMM believes the merger...
- Research articles 2002-02-04
- Grupo Mexico Deal Good For Carso, Good For Railroads.
- MEXICO CITY, Jan 29, 2002 If Mexican antimonopoly authorities allow Grupo Carso (BMV:GCARSO) to exchange its 66-percent stake in railroad company Ferrosur for 13.2-percent of Grupo Mexico (BMV:GMEXICO) subsidiary Infraestructura y Transportes Mexicanos ITM, Grupo Mexico will have control of 80 percent of...
- Research articles 2002-01-29
- Grupo Carso sales up by 3.5% in 2003.
- Mexico, Feb 27, 2004 (El Economista/SABI via COMTEX) The accumulated sales of the Mexican conglomerate, Grupo Carso, which owns more than 80% of Grupo Sanborns, a majority stake in Sears Roebuck de Mexico, interests in cigarette maker Cigatam and railway operator Ferrosur, as well...
- Research articles 2004-03-01
- Carso And Grupo Mexico Unite Railroad Businesses.
- MEXICO CITY, Jan 28, 2002 Grupo Carso (BMV:GCARSO) and Grupo Mexico (BMV:GMEXICO) announced a partnership agreement to unite their railroad businesses in one company, Infrastructura y Transportes Mexicano ITM, reported Mexico City daily el Economista. Grupo Carso subsidiaries Frisco and Sinca will transfer ...
- Research articles 2002-01-28
- Railroad Agreement To Lead To Better Service.
- MEXICO CITY, Jan 28, 2002 The agreement between Grupo Carso (BMV:GCARSO) and Grupo Mexico's (BMV:GMEXICO) to unite their railroad businesses under Grupo Mexico's Infrastructura y Transportes Mexico ITM will improve efficiencies and benefit railroad transportation users, said the companies in an announcement. The...
- Research articles 2002-01-28
- Grupo Carso To Get Out Of Railroad Business.
- MEXICO CITY, Jan 29, 2002 Grupo Carso (BMV:GCARSO) will exchange its 66-percent stake in railroad company Ferrosur for a 13.2-percent share of Infraestructura y Transportes Mexico ITM, another railroad company, for an unrevealed sum, giving up its control in the sector in order to...
- Research articles 2002-01-29
- Legislators Frown On Railroad Plan: Columnist.
- MEXICO CITY, Feb 1, 2002 Various members of the Chamber of Deputies' communications and transport commission are displeased with Grupo Carso (BMV:GCARSO) and Grupo Mexico's (BMV:GMEXICO) plans to merge two out of three of the nation's largest railroad companies, reported Mexico City daily ...
- Research articles 2002-02-01
- Union Pacific tries to seal monopoly on rails.
- MEXICO CITY, Mar 14, 2002 If an association is formed between Ferrosur and Ferromex, the U.S. rail company Union Pacific will control railroads as far south as the Istmo de Tehuantepec, on Mexico's southern Pacific coast. This would create a monopoly on rails, as...
- Research articles 2002-03-14
- Carso goes for electricity and telecommunications sectors.
- MEXICO CITY, Sep 30, 2002 (Cronica/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Grupo Carso is following the discussion about the electricity and telecommunications reforms since the holding company will concentrate its activities in those areas as well as in housing, commerce and consumption.The company...
- Research articles 2002-09-30
- Mexican merger fever: mirroring activities in the U.S. and Canada, Ferromex and FerroSur are attempting to tie the knot. But rival TFM objects, and so do the regulators - so far - likelihood of a railroad merger in Mexico - Brief Article
- Sooner or later, it was bound to happen: a merger attempt within Mexico's burgeoning railway industry. Five years ago, privatization of Ferrocariles Nacionales de Mexico began with the intent of creating a Mexican system that would be no different from the U.S./Canadian Class I network: modern, efficient, and profitable. After...
- Research articles 2002-06-01
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