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On Sept. 30, TFM S.A. de C.V. repurchased 51 percent of Mexrail Inc. shares sold to Kansas City Southern in May.

Surface Transportation Board previously issued a decision finding the board did not need to rule on the transfer-back transaction.

Under the terms of an agreement reached with KCS in April, TFM retained the right to repurchase Mexrail shares for the original purchase price of $32.7 million. TFM used existing cash accounts to fund the repurchase.