Report: Ferromex owner negotiating to acquire Florida East Coast Railway

Trains Industry Newsletter
Get a weekly roundup of the industry news you need.
By signing up you may also receive occasional reader surveys and special offers from Trains magazine. View our privacy policy.
FEC_logo
JACKSONVILLE, Fla. — Ferromex owner Grupo Mexico is in the process of acquiring Florida East Coast Railway at a cost of more than $2 billion, reports the Reuters news service, which cites people familiar with the matter. The deal could be finalized as early as this week.

According to the article, Mexico’s largest railroad has prevailed in an auction to acquire the regional railroad and is currently in discussions with its owner, Fortress Investment Group, LLC.

Fortress declined to comment. Neither Ferromex nor Florida East Coast immediately responded to requests for comments by Reuters.

Florida East Coast Railway operates more than 350 miles of track between Jacksonville and Miami.

Trains News Wire will update information on this developing story as it becomes available.

Edited to clarify that Ferromex owner Grupo Mexico is interested in FEC.

NEWSWIRETrains News Wire

  • Previous Day
  • March 27, 2017
  • Next Day
Leave a Comment
Want to leave a comment?
Only registered members of TrainsMag.com are allowed to leave comments. Registration is FREE and only takes a couple minutes.

Login or Register now.
Please keep your feedback on-topic and respectful. Trains staffers reserve the right to edit or delete any comments.
0 COMMENTS
ROAD TO OBLIVION

ROAD TO OBLIVION

Free download

Newsletter Sign-Up

By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our privacy policy
Subscribe Up To 54% off the newsstand price!
Subscribe To Trains Mag Today
+