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Grupo Mexico, Hudbay Vie for $2 Billion Spanish Miner

From bnnbloomberg.ca

Conglomerate Grupo Mexico SAB and Canada’s Hudbay Minerals Inc. are among final bidders competing to acquire a Spanish copper miner from Trafigura Group, people with knowledge of the matter said. The parties made binding offers last week for Minas de Aguas Tenidas, which is known as Matsa and could fetch about $2 billion, according to the people, who asked not to be identified because the information is private. Grupo Mexico, which could do the deal through its listed mining unit Southern Copper Corp., is seen as a strong contender for the business, the people said. Shares of Hudbay jumped as much as 7.7% in U.S. ... (full story)

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