Slim Said to Seek $1 Billion for Mexico Retail Share Sale
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Billionaire Carlos Slim is seeking to raise about $1 billion in a share offering of his retail and restaurant chain, two people with direct knowledge of the deal said, tapping into demand for Mexican consumer stocks.
Slim’s Grupo Carso SAB announced plans to sell shares in its Grupo Sanborns unit in a filing yesterday, without specifying how much it sought to raise. The people familiar with the matter asked not to be named because the details of the offering haven’t been made public.