It is the Mexican guru’s bet to improve his businesses. Among its many companies, the largest telephone operator in Latin America stands out.
Carlos SlimPresident of TelmexHe decided increase your shareholding in a oil refining business in USA. The investment was made by a family investment company of the mexican tycoon.
The businessman increased his business portfolio with shares of the Energetic industry through multiple companies run by members of his family, from gas pipelines until oilfields. Telmex also has equity interests in Talos Energy, Harbor Energythe Spanish Fomento de Construcciones y Contratas (FCC) and Metrovacesaamong other.
Among the companies run by the magnate, the America Movil, the largest telephone operator in Latin America. It also has investments in commercial banking and through his family investment firm, Carso Grouphas participation in the business of industrial construction in Mexico.
What is the business that Slim decided to invest in?
The Mexican billionaire is part of Business Capital ControlIt is a family investment company of Slim. From said signature, the buy shares in three blocks to the American company PBF Energyfor a total of US$74 millionaccording to documents sent to the Securities and Exchange Commission (SECfor its acronym in English).
PBF Opera six refineries: Martínez, Torrance, Toledo, Paulsboro Delaware City and The Chalmette. This company has the capacity to process one million barrels per day of Raw oil.
With the last investment made, the Slim family increased its participationWhat happened from 12.5 to 14.3 million shares of PBF Energy. In this way, its participation in PBF is currently valued at US$604 million. His Current interest represents the 11.73% of the outstanding shares of the American company.
Source: Ambito
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