News Americas, MEXICO CITY, Mexico, Weds. Feb. 23, 2011: Mexican billionaire Carlos Slim increased his assets this week with a 70 percent stake in the Tabasco Oil Company.
His conglomerate Grupo Carso announced they reached the deal Tuesday, which will give the tycoon a foothold in the Latin American oil sector.
Carso said in a filing with the Mexican stock exchange that the deal “marks the entry of Grupo Carso in a new business sector in Latin America.”
Tabasco Oil is owned by Mexican company Geoprocesados and is currently exploring for oil at LLA 56. Slim, ranked the world’s richest man by Forbes magazine, also owns Swecomex, which provides engineering and platform construction services for the oil industry in Mexico, with state-run Pemex a key client.