26.6.2003: Meldung: Kansas City Southern: NAFTA Rail Proposal Passes Major Regulatory Review
Under the proposed transaction announced on April 21st, TFM, S.A., de C.V. (TFM), The Kansas City Southern Railway Company (KCSR), and the Texas Mexican Railway Company (Tex-Mex) would be placed under the common control of a single transportation holding company, NAFTA Rail.
In addition to the Competition Commission, NAFTA Rail needs the regulatory approval of Mexico"s Foreign Investment Commission, a decision from which is expected by the end of July. The common control of KCSR and Tex-Mex under NAFTA Rail will also require the approval of the Surface Transportation Board (STB) in the United States. The STB has announced that it will rule on the KCSR-Tex-Mex transaction by October 17, 2003.
KCS is a transportation holding company that has railroad investments in the United States, Mexico, and Panama. Its primary holding is KCSR. KCS"s rail holdings and investments are primary components of a NAFTA Railway system that links the commercial and industrial centers of the United States, Canada and Mexico. KCS is headquartered in Kansas City, Missouri.
Kansas City Southern
William H. Galligan, 816/983-1551
Source: Kansas City Southern