Grupo México sells almost its entire stake in GAP

The mining giant Mexico Group reported on Friday that it almost completely reduced its shareholding in the airport operator Pacific Airport Group (GAP).

Grupo México, with businesses also in the transportation and infrastructure sectors, said its decision was due to being excluded from business opportunities.

GAP did not immediately respond to a request for comment from Reuters.

The two companies have faced each other in a lengthy legal battle in the past, after the miner said it planned to launch a public offering of at least 30% of the airport operator, to the detriment of its statutes.

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