Slim’s Cisca To Float 25% On Mexican Exchange

Carso Infraestructura y Construcción (Cicsa), one of Mexican magnate Carlos Slim’s companies, is to float around 25% of the company’s capital on the Mexican Stock Exchange before the end of October. The company hopes to raise up to $400 million through the IPO of 620 million shares. Slim’s companies now comprise over 43% of Mexico’s principal stock index, the IPC. The tycoon’s companies cover a range of industries and include telephone carrier Telmex, cell phone operator América Móvil, conglomerate Grupo Carso and most recently listed infrastructure company IDEAL.