Sold separately: 5 years ago in Latin Trade.SOLD SEPARATELY Breaking up is hard to do, especially for Mexican holding company Cintra. For months, regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities debated whether Cintra, which controls the country's two largest airlines, should be divided before the carriers went on the auction block. In the final weeks of President Ernesto Zedillo's administration, the Federal Competition Commission settled the dispute: It ordered Aeromexico and Mexicana de Aviacion sold separately. Mexico's 25,000-strong aviation union opposed the breakup breakup The division of a company into separate parts. The most famous breakup to date was the 1984 division of AT&T (formerly, American Telephone & Telegraph Company). This breakup was intended to increase competition in the communications industry. . The Institute for Protection of Bank Savings, the holder of the government's 63% share of Cintra, claimed togetherness would more likely attract deep-pocket buyers. But rumors For other uses, see Rumor (disambiguation). Rumors is a farcical play by Neil Simon. At its start, several affluent couples gather in the posh suburban residence of a couple for a dinner party celebrating their tenth anniversary. of a bidding war started flying even before terms of the split--and the sale--were finalized See finalization. . |
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