January 8, 2019 |
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 10%
Mexican conglomerate is not expected to sue the government to recover losses, sources say