|Grupo Mexico to Buy 10 Pct Stake in Airport Operator|
Mica Rosenberg - Reuters
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July 10, 2010
Mexico City - Mexican mining and infrastructure company Grupo Mexico said on Friday it acquired a 10 percent stake in airport operator GAP.
The company said in a statement to the Mexican stock exchange that the acquisition was just an investment.
"There is no intention of buying a significant portion in the company," the miner said. Grupo Mexico, however, will have the right to appoint an independent board member at a GAP meeting on July 22.
Grupo Mexico has said in the past it may be eyeing a bid to build a new airport in Mexico's popular Riviera Maya, south of the Cancun resort on the Caribbean.
"We are interested in expanding our infrastructure and construction business in areas of ports, airports and all the types of infrastructure that is linked to our principal businesses: the railroad and the mines," Juan Rebolledo, Grupo Mexico's vice president of international relations, said earlier this year.
(Editing by Bernard Orr)