Carlos Slim Expands Holdings

admin

Carlos Slim

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.

Next Post

Exploring Caves And Shopping In Riviera Maya

By Melody Wren News Americas, TORONTO, Canada, Weds. Feb. 23, 2011: The Riviera Maya in Mexico is known for its white sand beaches, natural caves and craters. The Google Earth image of the Yucatan Peninsula shows it has more than 8,000 craters, which makes it look like a large chunk […]