Mexicana enters bidding for AeroMexico, tops previous offers

Mexicana late Wednesday submitted a takeover bid for AeroMexico valued at MEX2.17 billion ($199 million), topping recent bids made by the Saba family and Banamex. AeroMexico is controlled by state holding company Consorcio Aeromexico, which is 62% owned by the Mexican government. Consorcio...

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