Grupo Mexico S.a.b. De C.v. Class BBMV: GMEXICO/B

Grupo Mexico's rail unit ticks up on delisting plan

· Issued by Grupo Mexico S.a.b. De C.v. Class B

** Shares in Grupo Mexico's rail division climb after announcing plans to exit Mexico's main stock exchange

** Grupo Mexico Transportes will propose the move in a meeting with shareholders on June 27

** Shares BMV:GMXT tick up nearly 3% late morning before trimming gains to around 1.2%

** Trading in parent firm Grupo Mexico BMV:GMEXICO/B is nearly flat

** "We anticipate some price volatility on GMXT's share price until (we) have more details of the delisting process," writes Actinver transport analyst Ramon Ortiz

** GMXT also proposes approval of a new financing facility, without providing details