MEXICO CITY: Mexican president Andres Manuel Lopez Obrador, or Amlo for short, seized part of a rail line owned by billionaire German Larrea’s Grupo Mexico SAB, raising questions about how the move might impact a bid by the mining magnate to buy Citigroup Inc’s retail bank in the country.
A section of track in the state of Veracruz was deemed “of public utility” and transferred to a government entity that’s building a line across the Isthmus of Tehuantepec, a relatively narrow strip of land that separates the Pacific Ocean and Gulf of Mexico.
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