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Carso sizes up offer for Sanborns

Carso sizes up offer for Sanborns

December 13, 2022
Mexican conglomerate puts up $389 mln to buy out minority shareholders and delist the restaurant and retail business

Equity Capital Markets Commerce Retail shopping Mexico

Mexico's Grupo Carso, a conglomerate owned by the family of billionaire Carlos Slim, said it could pay up to MXN7.72 billion ($389 million) to buy out minority shareholders and delist restaurant and retail division Grupo Sanborns from the stock exchange. Carso has offered to buy the 297 million shares that it does not already own for MXN26.00 each, a price that Sanborns labelled last week as "reasonable." The offer expires on December 22, Carso said. Shares in Sanborns sold for MXN25.60 on Monda

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