MEXICAN CONGLOMERATE ACQUIRES 49.9% INTERESTS IN TALOS MEXICO
Talos Energy announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso, has agreed to acquire a 49.9% interest in Talos’s Mexican subsidiary (Talos Mexico), which holds the Company’s 17.4% stake in Zama. Carso is one of the world’s largest conglomerates and is headquartered in Mexico City, Mexico. Talos will remain the controlling shareholder of Talos Mexico. The transaction is expected to close within the third quarter of 2023, as is subject to approval by Mexico’s Federal Economic Competition Commission (COFECE).
Talos made the historic Zama discovery in July 2017
Talos announced in March 2023 that the Zama Unit Development Plan was submitted to Mexico’s National Commission of Hydrocarbons for formal approval. Talos will co-lead the planning, drilling, construction, and completion of all Zama wells as well as the planning, execution, and delivery of Zama’s offshore infrastructure.
(Source: Talos Energy)