Grupo Mexico's rail unit ticks up on delisting plan

Shares in Grupo Mexico's rail division climb after announcing plans to exit Mexico's main stock exchange

Grupo Mexico Transportes will propose the move in a meeting with shareholders on June 27

Shares GMXT.MX tick up nearly 3% late morning before trimming gains to around 1.2%

Trading in parent firm Grupo Mexico GMEXICOB.MX is nearly flat

"We anticipate some price volatility on GMXT's share price until (we) have more details of the delisting process," writes Actinver transport analyst Ramon Ortiz

GMXT also proposes approval of a new financing facility, without providing details