Grupo Mexico Will Sell Highway Business for $406 Million

Grupo Mexico, the copper mining conglomerate controlled by Mexican billionaire German Larrea, will sell its highway business for 7.7 billion pesos ($406 million) to local investment trusts FIBRAeMX and FEXI in the latest move to restructure the company.

​Grupo Mexico, the copper mining conglomerate controlled by Mexican billionaire German Larrea, will sell its highway business for 7.7 billion pesos ($406 million) to local investment trusts FIBRAeMX and FEXI in the latest move to restructure the company.