A company linked to Aby Lijtszain Chernizky, Executive President of Grupo Traxion, plans to launch a tender offer for as much as 100% of the Mexican logistics company's shares. The offer is expected to be conducted on the Mexican Stock Exchange at an estimated purchase price of 13.18 pesos per share, according to a company statement issued after Monday's market close. Traxion's shares rose 0.1% to close Monday at 10.90 pesos per share, with the offer representing more than 20% above its 60-day average share price through Sept. 11.

The buyout proposal follows a 28% slide in Traxion's shares this year. In the second quarter, its net income fell 42% on-year, even as revenue growth beat estimates. The offer is subject to various conditions, including approval from Mexico's banking and securities regulator.

In 2017, the company sold 239 million shares in an initial public offering to raise 4.07 billion pesos ($237 million), with plans to use the proceeds for acquisitions. Most recently, Traxion agreed in 2024 to acquire certain logistics operations from Femsa doing business as Solistica.