A Mexican tribunal ruled in favor of Grupo Mexico in its fight to merge its two railroad units, throwing out a complaint by competition authorities, the company and the antitrust regulator said on Monday. Grupo Mexico (GMEXICOB.MX), which owns copper mines in Mexico, Peru and the United States, also operates Ferromex, Mexico's largest railroad company. In 2005, Grupo Mexico bought another rail line, Ferrosur, through a subsidiary.Mexico's Federal Competition Commission, or CFC, objected, claiming the purchase would give Grupo Mexico outsized control over the railroad market, but the company disputed the ruling. A tribunal in Mexico City has sided with Grupo Mexico, although both the company and the CFC say they have not yet been officially notified of the details of the decision.
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