Bloomberg Law
May 26, 2023, 3:05 PM

Billionaire Carlos Slim Buys Into Mega Oil Project in Mexico (1)

Amy Stillman
Amy Stillman
Bloomberg News

Billionaire Carlos Slim is making one of his biggest oil investments after agreeing to purchase a minority stake in a local producer that allows his Grupo Carso SAB to enter the Zama field, one of Mexico’s most promising energy projects.

Grupo Carso is purchasing a 49.9% minority stake in the local unit of Houston-based Talos Energy Inc. for $125 million. The deal gives Carso a 17.4% stake in Zama, with the price implying a minimum valuation of about $250 million for the oil field stake. Talos will retain control of the local unit through a 50.1% stake. The transaction is ...

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