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Non-Tech : TMM-TransMaritima Mexicana
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To: kitterykid who wrote (5)3/19/2000 4:47:00 PM
From: Michael Olds  Read Replies (1) of 11
 
Sale of AS closes

Dow Jones NewswiresTransportacion Maritima Closes Sale Of Americana ShipsDow Jones NewswiresMEXICO CITY -- Transportacion Maritima Mexicana S.A. (TMM), or TMM, closed the sale to CP Ships of its 50% equity interest in Americana Ships, worth about $270 million.In a press release Thursday, the company said it received about 80% of the proceeds and expects to receive final payment shortly.CP Ships is the container shipping unit of Canadian Pacific.TMM is a Latin America multi-modal transportation and logistics company.
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