Carso Set to Delist Cicsa

Carlos Slim’s Grupo Carso has raised its stake in the Carso Infraestructura y Construccion (Cicsa) construction subsidiary to 99.88% through a buyback offer, allowing it to proceed with a delisting of the company. Carso spent MXP6.77bn ($533m) to buy up 825.4m shares, or 32.82%, through an offer closed last week. It paid MXP8.20 per share.