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Grupo México Transportes continues to fall after government occupation of railway

Grupo México Transportes continues to fall after government occupation of railway

The shares of Grupo México Transportes fell on Monday for the second day in a row after the Government published a decree occupancy officer of a railway section operated by one of its subsidiaries.

The titles of Grupo México Transportesa unit of the mining giant Grupo México, lost 3.53% to 38.56 pesos, with an accumulated decline of 6.61% in the last two sessions.

The Government justified the measure in the importance of the railway line for an important infrastructure project of President Andrés Manuel López Obrador, who seeks to unite the Pacific coasts with the Gulf of Mexico through a commercial corridor to develop the impoverished south of the country. .

Over the weekend, the company said it was continuing to analyze the scope and effects of the decree to occupy the facilities.

Source: Reuters

Source: Gestion

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