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Mexico’s president says he has offered to buy an American company’s Caribbean coast property for $385 million to end a bitter, years-long dispute MEXICO CITY -- Mexico’s president said Thursday that he has offer ed 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. The company said it had not yet received the president's proposal or responded to the idea. In papers filed for a case before an international arbitration panel, Vulcan Materials valued the almost 6,000-acre (2,400 hectare) property, located just south of the resort town of Playa del Carmen, at $1.9 billion. López Obrador said his much lower offer was fair and based on a government assessment. He said the most attra...

German airline Lufthansa says it has submitted an offer for a minority stake in Italy’s ITA Airways Spa, formerly Alitalia MILAN -- German airline Lufthansa said it submitted an offer Wednesday for a minority stake in Italy’s ITA Airways Spa, formerly Alitalia. The Italian finance ministry said in a statement that the Lufthansa offer was the only one submitted by Wednesday's deadline. No financial terms were disclosed. Lufthansa said it would have the option to buy remaining shares at a later date. ITA Airlines, and before it Alitalia, has been looking for an industrial partner as its domestic Business has suffered under com Pet ition from low-cost airline s. Other offer s have fallen by the wayside. ITA officially launched in October 2021 after bankrupt flag carrier Alitalia landed its final flight, ending a 74-year business history with a series of inglorious deals that never managed to restore the carrier to health. Already, Lufthansa operates Air Dolomiti in northern Italy, wh...