Grupo Carso S A de C : Mexico's President seeks truce in legal process in dispute with pipeline firms
July 03, 2019 at 09:01 am EDT
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MEXICO CITY (Reuters) - Mexico's President Andres Manuel Lopez Obrador said on Wednesday he was asking for a "truce" in the legal proceedings with natural gas pipeline companies to seek an agreement to an ongoing dispute.
"My proposal is a sort of truce in the legal process without any of the sides losing their rights. If there is no agreement then the legal process will continue," Lopez Obrador said at his daily morning press conference.
Mexican national power company CFE said on Tuesday it was seeking $899 million in a dispute with the natural gas pipeline firms and talks with Canada's TC Energy Corp and billionaire Carlos Slim's Grupo Carso would start within days.
(Reporting by Anthony Esposito & Sharay Angulo; Editing by David Gregorio)
Grupo Carso, S.A.B. de C.V. is a holding company. The Company holds interests in various companies, which operate in the industrial, retail, infrastructure and construction, and energy sectors. The Company's segments include Retail, Industrial, Infrastructure and Construction, and Carso Energy. The Company's subsidiaries include Grupo Sanborns, S.A.B. de C.V., which operates various retail formats in Mexico; Grupo Condumex, S.A. de C.V., which has a portfolio of products and services focused on meeting the needs of the telecommunications, construction, electricity, energy, automotive and mining industries; Carso Infraestructura y Construccion, S.A. de C.V., which serves the chemical and oil industry, pipeline installations, infrastructure, civil construction and housing developments sectors, and Carso Energy, S.A. de C.V., which holds interests in various companies in the sector of exploration and production of oil, gas and other hydrocarbons, and electricity.
GRUPO CARSO, S.A.B. DE C.V. 
