Grupo Mexico Said to Delay London Mining IPO as Copper Falls
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Grupo Mexico SAB, billionaire German Larrea’s holding company, is delaying a planned initial public offering in London of its mining unit, according to three people with direct knowledge of the decision.
Grupo Mexico tabled the offering of the unit, Americas Mining, after the price of copper and emerging-market stocks fell, said the people, who asked not to be named because they weren’t authorized to comment publicly. An IPO is unlikely until at least next year, according to the people.