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GAP Sale Raises $870 Million

Feb 27, 2006

Mexico successfully raised $870 million from its largest IPO in 10 years with the sale last Friday of the government's 85% stake in Grupo Aeroportuario del Pacifico...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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