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Mexico

Nemak independent as ALFA shareholders approve spin off

Nemak, S.A.B. de C.V. announced that shareholders of its parent company,Alfa S.A.B. de C.V. have approved a proposal to transferAlfa’s entire share ownership in Nemak to a new entity to be listed on the Mexican Stock Exchange: Controladora Nemak, S.A.B. de C.V. (“Nemak-Holding”) (BMV: NMK). Under the proposal, Alfa s....

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