Sanborns for Sale; Grupo Carso Launches Public Offering

According to Real Estate, Grupo Carso, owned by businessman Carlos Slim, announced that it will launch a tender offer for all outstanding shares of Grupo Sanborns (or in the hands of the general investor public).

In a press release, the Board of Directors, at its July 25 meeting, agreed to initiate this process and will offer to buy each share at a price of 26 pesos in cash.

According to data from the Mexican Stock Exchange (BMV), there are 2,246,940,829 shares outstanding.

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