Grupo Mexico Acquires Florida East Coast Railway
March 29, 2017
Dechert LLP advised Grupo Mexico SAB de CV’s transportation business unit, GMéxico Transportes S.A. de C.V (GMXT) in an agreement to acquire the Florida East Coast Railway Holdings Corp.(FEC).
GMXT, Mexico’s largest and most profitable transportation company with the greatest coverage, entered into an agreement to acquire FEC, a freight transportation business headquartered in Coral Gables, Florida. It is an all cash transaction, expected to close subject to government approval and satisfaction of closing conditions.
The Dechert team advising GMXT was led by corporate partners Howard Kleinman and Bernardo L. Piereck and included corporate counsel Elizabeth R. Tabas Carson; corporate associates Susan K. Nieto, Daniel S. Mozes, Benjamin Snyder, Stephanie L. Haas, and Daniel Rainer; corporate foreign associate Juan Pablo Betancourt; tax partner Joshua Milgrim; tax associate Steven J. Lorch; and real estate counsel Francois Quintard-Morenas.
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