Grupo México Transportes Launches Tender Offer to Delist From BMV at 35.99 Pesos Per Share
Grupo Carso will not tender shares, with a board opinion due October 6.
Overview
- GMXT opened an offer to buy up to 390.9 million shares, about 8.94–8.95% of its capital, at 35.99 pesos per share, a 10% premium, for up to 14,068 million pesos.
- The stated goal is to cancel its registration and exit the Bolsa Mexicana de Valores to operate as a private company with fewer reporting requirements.
- The offer runs from September 23 through October 20 at 14:00, with Santander and GBM acting as intermediaries.
- Grupo México holds 72.65% of GMXT, while Grupo Carso owns 15.24% and will remain a shareholder by not participating in the offer.
- Shares rose roughly 7.5–7.9% after the launch, and if the offer does not absorb all targeted shares GMXT will establish a six‑month payment trust to purchase remaining stock at the same price.