Grupo Mexico to increase stake in GAP

Mexican mining company Grupo Mexico announced plans to increase its stake in airport operator Grupo Aeroportuario del Pacifico (GAP) through a share acquisition (Reuters/Dow Jones, 13-Jun-2011). Grupo Mexico wants to purchase stock equivalent to more than 30% of the capital in GAP at no more than MXN50 per share. Grupo Mexico and a subsidiary held 23.5% in GAP as of Apr-2011. The offer is subject to regulatory approval.