Announced
Completed
Financials
Tags
Mexico
oil and gas
Single Bidder
Minority
Acquisition
oil filed
Integrated Oil and Gas
oil fields
Cross Border
Private
Friendly
Completed
Synopsis
Carso, a construction engineering company, completed the acquisition of a 49.9% stake in Talos Mexico, an energy company, from Talos Energy, an enegy company, for $125m. "We are thrilled to partner with Grupo Carso. Our relationship dates back to the 2015 offshore lease sales in Mexico. As we accelerate recent momentum and advance Zama toward FID and first production, we are confident that Carso is the right partner at the right time. Carso's investment is a testament to the economic potential of Zama, and the joint venture will also benefit from Carso's critical presence in Mexico and global commercial experience. We are excited about this broad partnership in Mexico," Timothy S. Duncan, Talos President and Chief Executive Officer.
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