Slim family buys more shares in oil company Talos

The Slim family, through Control Empresarial de Capitales, increased its stake in the US oil company Talos Energy in less than a month, so that it now owns 23.6 percent of the common shares, according to reports sent by the firm to the US Securities and Exchange Commission (SEC).

According to the energy firm, Control Empresarial de Capitales, a Mexican trust that was previously known as Inversora Carso, now owns 42 million 535 thousand ordinary shares, with a nominal value of 0.01 dollars each.

“The common shares beneficially owned by Control Empresarial constitute approximately 23.6 percent of the 180 million 153 thousand 856 bonds issued and outstanding,” the firm told the SEC.

This occurs less than a month after the company owned by Carlos Slim Helú, Carlos Slim Domit, Marco Antonio Slim Domit, Patrick Slim Domit, María Soumaya Slim Domit, Vanessa Paola Slim Domit and Johanna Monique Slim Domit increased its holdings of shares, thereby placing it as the largest shareholder.

As of August 9, the trust, which has a diversified portfolio of investments in different sectors, held only 22.3 percent of the total shares of Talos Energy, a firm that owns 50.1 percent of Talos Mexico, which holds a 17.7 percent stake in the Zama megadeposit, located on the coast of Tabasco.

The bond purchase also follows Tim Duncan’s resignation as Talos Energy’s president and CEO on August 30. Joseph A. Mills currently serves as interim president and CEO.

Since June 18, Control Empresarial de Capitales began buying shares of the energy firm, in July it made a transaction and in July it made another bond purchase.

The acquisition of 23.6 percent of the shares of Talos Energy is not the Slim family’s only business in the energy sector, as the subsidiary Zamajal acquired 49.9 percent of Talos Mexico in September 2023, the remaining 50.1 percent is owned by Talos Energy.

Last June, Grupo Carso acquired the entire share capital of the oil company PetroBal Operaciones Upstream.

In addition, Grupo Carso will invest —after reaching an agreement with Petróleos Mexicanos (Pemex)— around 1,884 million dollars to reactivate Lakach, a gas field located on the Southern Continental Shelf of the Gulf of Mexico.