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Weekly Report - 08 June 2023 (WR-23-23)

MEXICO: Grupo México appeased?

The dispute between Mexico’s government led by President Andrés Manuel López Obrador and Grupo México, one of the country’s largest conglomerates, appears to have been resolved - for now. Following the dramatic seizure of a section of railway operated by Grupo México subsidiary Ferrosur on 19 May [WR-23-21], the government and the conglomerate have struck an agreement that appears acceptable to both sides. However, the incident will serve as a cautionary tale for Grupo México and others in the private sector considering investing in major government infrastructure projects.

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