When Carlos Slim agreed to take a stake in FCC in 2014, which was at that time controlled by Esther Koplowtiz, and in a lot of difficulties – sales on the decline, losses, debt…- a lot of people breathed easy thinking the Mexican businessman was going to put the builder back on the straight and narrow. But he is finding it difficult to relaunch the company.
F. Barciela / F.G. Ljubetic | The bios about Carlos Slim, the third richest man in the world according to Forbes, are very clear about the origins of his fortune. He made the most of his money during the peso crisis by acquiring several blocks of shares in the biggest Mexican companies at a bargain prices. This is how he will acquire FCC, one of the biggest Spanish construction firms, for just…7.6 euros per share.
MEXICO CITY | By David Brunat | América Móvil, owned by the wealthiest person on earth, Carlos Slim, has set its eyes on the European telecommunications market. Indeed, it has been trying to approach Central and Eastern Europe for a year now, a move not exempt of sour experiences. But it is now when Slim obtains his first relevant victory – Austrian government said on Friday it is open to let América Móvil become the largest shareholder of Telekom Austria.