Grupo México to acquire Florida East Coast Railway

Grupo México's transport business GMéxico Transportes has agreed to acquire Florida East Coast Railway Holdings Corp from Fortress Investment Group.

USA: On March 28 Grupo México announced that its transport business GMéxico Transportes had reached an agreement to acquire Florida East Coast Railway Holdings Corp from Fortress Investment Group. The Mexican company said adding FEC to its existing operations in Texas would ‘immediately establish GMXT as an important railroad owner ...

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