Charles Slim took control of Fortress Materials and Elementia Materialsfollowing acquiring a package of shares that belonged to Kaluzthe consortium owned by the Valley familyaccording to information from The CEO.
so reported Carso Group in a message sent to Mexican stock exchange (BMV), where the conglomerate owned by Charles Slim notified that the operation occurred in compliance with the shareholders’ agreement of both companies mentioned in their respective Public Acquisition Offers on March 22.
“Carso Group acquired on this date through its subsidiary Condumexfrom Kaluzand related shareholders, a stock package with which its shareholding tendency exceeds 50% of participation in both companies and with this, it acquires control of them,” reads the statement.
It is noteworthy that recently Arturo Spinolafinance director of Carso Groupcommented that the company would maintain its stake in both companies once they completed their delisting process from the BMV, although he said that the idea was for it to remain in the hands of the controlling partners.
In this sense, according to MarketScreenerthe Slim’s company It had a 37.7% stake in both companies, while the Del Valles were majority shareholders, owning 43.4% in Elementia and 42.3% in Fortaleza.
