Cicsa Launches Delisting Buyback

Carlos Slim’s Grupo Carso is offering to buy the remaining 32.82% it does not own in Carso Infraestructura y Construccion (Cicsa) construction company. In a deal that could cost up to MXP6.80bn ($501m), the company is offering MXP8.20 per share to holders of the 829m outstanding shares, it says. The price represents a slight premium to Thursday’s MXP8.15 close. The offer closes February 9, but can be extended at the company’s discretion. Inbursa is managing the process. If a 95% threshold is reached, Carso plans to delist Cicsa.