[Publicidad]
Mexican miner and infrastructure giant Grupo Mexico does not expect to launch the postponed initial public offering (IPO) of its railway unit within the next few months, a senior company executive said on Wednesday.
Earlier this year, Grupo Mexico decided to push back a listing of its ITM rail unit, which has taken on a more prominent role in the company's portfolio on the back of low metals prices and a booming Mexican autos export market. The initial public offering was set to raise over US$1 billion.
On Tuesday, Grupo Mexico said its third-quarter net profit fell nearly 40 percent compared with the year-earlier period, hit by a drop in sales.
[Publicidad]
Más información
Estados
Cumbre Latinoamericana otorga distinción de “Alcalde del Año” a Manuel Guerra Cavazos, edil de García, NL
Espectáculos
Aria Covamonas, directora de "La gran historia de la filosofía occidental", murió antes de ver su nominación al Ariel
Mundo
España e Italia aseguran que controles fronterizos "son temporales": Unión Europea; destaca avances en lucha contra migración ilegal
Nación
Padre de normalista participa en audiencia del exgobernador Ángel Aguirre; "nos hizo mucho daño y ocultó evidencias", dice