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Mexican president pushes new Labor Minister to resolve Grupo Mexico conflict

Mexican president pushes new Labor Minister to resolve Grupo Mexico conflict
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Dealmakers Face $50B M&A Freeze Amid Mounting Troubles

PE firms are also having difficulty getting transactions over the line, with around $30 billion of deals hitting trouble in recent weeks due to heady price demands and difficult financing markets.

Mexican president pushes new Labor Minister to resolve Grupo Mexico conflict

MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador on Thursday said he will ask incoming Labor Minister Marath Bolanos to meet with mining company Grupo Mexico and a top union leader to attempt to resolve labor disputes stretching back more than a decade.

Dealmakers Face $50 Billion M&A Freeze Amid Mounting Troubles

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Mexican president pushes new Labor Minister to resolve Grupo Mexico conflict

Mexican President Andres Manuel Lopez Obrador on Thursday said he will ask incoming Labor Minister Marath Bolanos to meet with mining company Grupo Mexico and a top union leader to attempt to resolve labor disputes stretching back more than a decade. Grupo Mexico, a conglomerate controlled by one of Mexico's wealthiest people German Larrea, recently clashed with Lopez Obrador over a railway concession and has several mines where production has stalled, at times for years, amid conflicts with workers.

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