Wednesday, April 1, 2009

Grupo Mexico Boosts Southern Copper Stake

Grupo Mexico said on Wednesday it had raised its shareholding in Southern Copper to 80 percent from 75.1 percent.

Grupo Mexico said it bought 16.7 million shares of Southern Copper and Southern Copper repurchased an additional 33.4 million shares. The average price paid in both transactions was $13.45 per share.

Source: Reuters

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