Carso shields itself from cancelled airport

Carso shields itself from cancelled airport

Project & Infrastructure Finance Economy & Policy Corporate & Sovereign Strategy Politics Mexico

Grupo Carso will face limited repercussions from the cancelled airport in Mexico City and is not expected to sue the government to recover losses, LatinFinance has heard. "This won't have a significant impact on Carso," said an analyst in Mexico City.  Carso's building business Gicsa was part of a consortium that was building a terminal at the new $13.3bn airport. It held a 14.3% stake in Constructora Terminal Valle de México (CTVM), a group worth roughly $600m, the analyst said.  With only 1

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