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Article: Grupo Mexico to issue debt for US$500 million.
- Article from:
- Internet Securities
- Article date:
- August 20, 2002
CopyrightCOPYRIGHT 2002 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEXICO CITY, Aug 20, 2002
Grupo Mexico (GM) is planning to issue debt for nearly US$500 million through its subsidiary Ferromex in order to purchase Asarco's stock in Southern Peru Copper.Company sources said the firm would try to negotiate a credit for Ferromex with some banks, but it was likely that the company would decide to issue debt.Grupo Ferroviario Mexicano, holder of Ferromex, has a debt of US$79.5 million and debt expirations of US$7.2 million this year. Grupo Mexico said the objective of the purchase was to clean up Asarco's finances.According to analysts at BCP Securities, the ...
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Article: Southern Peru to buy Mexico's largest mining ...
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...Grupo Mexico and Southern Peru Copper (SPC) have reached an agreement for SPC to buy Grupo Mexico's 99-percent stake in Grupo ... 67.2 million of its shares to Grupo Mexico for Minera Mexico. Grupo Mexico ...
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