The move threatens to upend efforts by the billionaire German Larrea's Grupo Mexico to purchase the retail operations of Banamex, one of the country's oldest banks, from Citigroup.
Mexico City, May 20 (Prensa Latina) By decree, the Mexican government today declared the public utility of three railway sections, concessioned in Veracruz to Grupo México, to benefit the interoceanic corridor project of the isthmus.