Grupo México, S.A.B. de C.V. (BMV:GMEXICO B) has resumed plans to list its transportation division, including its Ferrocarril Mexicano, S.A. de C.V. (‘Ferromex') subsidiary, on Mexico's stock exchange, four sources with knowledge of the matter told Reuters. Its Grupo México Transportes S.A. de C.V. division, previously called Infraestructura y Transportes Mexico (ITM), includes subsidiaries Ferrocarril Mexicano (Ferromex), Ferrosur, Intermodal Mexico and Texas Pacifico. The initial public offering will be launched in October, according to two of the sources, who asked to remain anonymous because they were not authorized to publicly speak about the matter.

Calls and emails to the company went unanswered. Grupo México has chosen financial groups Credit Suisse and BBVA Bancomer as the lead brokers, according to El Financiero, which did not identify its sources. Morgan Stanley, Bank of America, GBM, and Santander are also reportedly set to assist in the offering.