Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Spin-Off

Grupo Carso (GCARSOA1.MX) to split into three separate drilling companies on 11/30

Mexico’s Grupo Carso (GCARSOA1.MX), the conglomerate controlled by billionaire Carlos Slim, is to spin off around $571 million of assets to form three separate drilling companies, according to advisories posted in the official government gazette on Tuesday. The decision will become effective 11/30. Source: Reuters

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