Slim Plans to Delist Cicsa

Carlos Slim’s Grupo Carso holdco plans to buy up the 32.82% of its Carso Infraestructura y Construccion (Cicsa) construction company. Carso is offering MXP8.20 per share, representing a 16.8% premium to Monday’s MXP7.02 closing price. This would cost Carso MXP6.94bn if the entire 32.82%, representing 846.4m shares, is repurchased. If the 95% threshold is reached, Carso would delist Cicsa.