Elektra Tumbles 15% in Mexico City After Leaving MSCI

(Corrects date of announcement in second paragraph.)

Grupo Elektra SA, the retail and banking company controlled by billionaire Ricardo Salinas, plunged as much as 15 percent in Mexico City trading.

The stock was removed from MSCI Inc. (MSCI)’s family of indexes in a rebalancing announced yesterday and effective May 31, according to a statement on MSCI’s website.

To contact the reporter on this story: Jonathan J. Levin in Mexico City at jlevin20@bloomberg.net

To contact the editor responsible for this story: Brendan Walsh at bwalsh8@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.