The Ferrocarril del Sureste (English: "Southeastern Railway"), commonly known by the syllabic abbreviation Ferrosur, is a railway that serves the southeastern regions of Mexico. The company was formed in 1998, following the privatization of Mexico's railways. Ferrosur won the concession to operate the southeastern railway, which includes the line between Mexico City and Mexico's busiest Gulf of Mexico/Atlantic Ocean port at Veracruz. Grupo México has owned the company since 2005. There are long-delayed plans to merge it with the company's other railway, Ferromex.
The Ferrocarril del Sureste (English: "Southeastern Railway"), commonly known by the syllabic abbreviation Ferrosur, is a railway that serves the southeastern regions of Mexico. The company was formed in 1998, following the privatization of Mexico's railways. Ferrosur won the concession to operate the southeastern railway, which includes the line between Mexico City and Mexico's busiest Gulf of Mexico/Atlantic Ocean port at Veracruz. Grupo México has owned the company since 2005. There are long-delayed plans to merge it with the company's other railway, Ferromex.
== History == Ferrosur began operation on December 18, 1998. The original ownership group was the construction company Tribasa and Grupo Financiero Inbursa. Grupo Carso (like Inbursa, a Carlos Slim Helu company) bought out Tribasa in 1999. Grupo México, owner of Ferromex, acquired the railroad in November 2005 in a US$309 million stock transaction. The Mexican Federal Competition Commission (CFC) had rejected a proposed 2002 merger of Ferromex and Ferrosur amid opposition from Grupo Transportación Ferroviaria Mexicana (TFM).
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