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Article: Grupo TMM'S Board of Directors Terminates Transaction for Sale of Its Interest in Grupo TFM.
- Article from:
- Business Wire
- Article date:
- August 25, 2003
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Business Editors
MEXICO CITY--(BUSINESS WIRE)--Aug. 25, 2003
Grupo TMM, S.A. (NYSE:TMM)(BMV:TMM A) ("TMM" or the "company") announced that, as a result of the unanimous vote by its shareholders at the company's General Ordinary Shareholders' Meeting on August 18 to not approve the sale of TMM's interests in Grupo Transportacion Ferroviaria Mexicana, S.A. de C.V. (Grupo TFM) to Kansas City Southern (KCS), TMM's board of directors have formally notified KCS of the termination of the proposed sale.
Subsequently, the Mexican Foreign Investment Commission has also been formally notified by Grupo TFM of the termination (desistimiento) of the ...