Air Transport World

Mexican government.(LATIN AMERICA/CARIBBEAN Report)(Brief article)

Mexican government in late October agreed to sell its 62% stake in AeroMexico to a group of investors led by Banamex, the Mexican arm of Citigroup, for MXN2.7 billion ($249 million). Banamex prevailed over the Saba family, whose final bid of about MXN2.72 billion was rejected because it came in 2 min. past the deadline, while Mexicana's bid was denied by competition authorities. …

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