How it started
History
Ferromex began operations on February 19, 1998, after Grupo Ferroviario Mexicano, a consortium composed of Grupo México (74%) and Union Pacific Railroad (26%), was awarded the concession to operate the railway network after submitting bids of 414 million pesos for the Chihuahua-Pacific and 3.1527 million pesos for the North Pacific in July 1997, following the privatization of most of the government-owned railways under President Ernesto Zedillo Ponce de León.
Attempted merger with Ferrosur
In November 2005, Grupo México, the majority owner of Ferromex, purchased Infraestructura y Transportes Ferroviarios, the parent company of Ferrosur, another of Mexico's Class I railroads, 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 Ferromex competitor Grupo Transportación Ferroviaria Mexicana (TFM).
Following the November 2005 purchase of Ferrosur by Grupo México, Kansas City Southern de México (KCSM), successor to TFM, petitioned the Mexican government to block the merger of Ferrosur and Ferromex. The CFC rejected the merger in June 2006 and stated that the merger would have led to excessive concentration in the railway industry to the detriment of consumers and competing shippers. However, in March 2011, a tribunal ruled in Grupo México's favor, and the merger was permitted.
Participation in the privatization of Trenes Argentinos Cargas
From Wikipedia’s article on Ferromex, shared under CC BY-SA 4.0.2