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The Independent UK

National

Via AP news wire

Mexico's president offers to buy US company's coastal property for $375 million to end dispute

López Obrador Mexico United States Vulcan Andrés Manuel López Obrador Caribbean Caribbean coast Vulcan Materials

Copyright 2023 The Associated Press. All rights reserved

Mexico’s president said Thursday that he has offered to buy an American company’s Caribbean coast property for about $385 million to end a bitter, years-long dispute.

President Andrés Manuel López Obrador said a formal offer would be presented to Alabama-based Vulcan Materials. The company operated gravel extraction pits at the Yucatan peninsula site before López Obrador's administration closed them.

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