Mexico's President Andrés Manuel López Obrador (AMLO) announced that Vulcan Materials rejected a $2 billion offer from the Mexican government to purchase the US company's Caribbean coast assets, including its port and quarry. This offer was reportedly five times higher than a previous $360 million bid. However, Vulcan Materials stated that it is unaware of any such offer from the Mexican government. A company spokeswoman mentioned uncertainty about what AMLO was referring to during the press conference. The US firm had previously asked the Biden Administration for protection last year.
UPDATE: Vulcan Materials says it's UNAWARE of AMLO's government in Mexico having made a $2 billion offer for its assets. “We’re not sure what he was referring to in the press conference," a company spokeswoman says. https://t.co/ZocKCfRe2i
$VMC 'Vulcan Says It's Unaware Of $2B Mexican Offer For Assets; AMLO Announces Alleged Rejection Of Sweetened Bid For Plant; U.S. Firm Asked Biden Administration For Protection Last Year' https://t.co/f7pDEGg4Xz
.@business @EMPosts @andreanavarror - AMLO Says Vulcan Rejected $2 Billion Bid for Mexico Coast Assets https://t.co/TIlNlaCCFw
NEWS: AMLO says he offered Vulcan $2 BILLION to buy its port and quarry on Mexico's Caribbean coast, and the company rejected it. IF Vulcan confirms that, it would be FIVE times the prior offer ($360 million). Vulcan has yet to comment. @andreanavarror https://t.co/MT2lGLrYYF
Mexico’s president says Vulcan Materials rejected a government offer to purchase the US company’s Caribbean coast assets for $2 billion, @EMPosts @andreanavarror report https://t.co/lQjaNneUAh
Mexico’s president says Vulcan Materials rejected a government offer to purchase the US company’s Caribbean coast assets for $2 billion https://t.co/orUKG2lU5r