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Methanex top shareholder opposes expansion plans
Methanex faces pressure from M&G Investment Management which holds 20 percent of shares and seeks to curb major expansions in favor of returning cash to investors. M&G may push for board changes, while Methanex emphasizes limited near term capex, continued dividends, and a $2 billion investment already boosting output.
MENTIONED IN THIS ARTICLE
Ir Methanex
Hatters
Alberta
U.S. Gulf Coast
U.K
M&g Investment Management
M&g
U.S. Securities and Exchange Commission
U.S
Methanex
John Floren
Medicine Hat