Insiders

Billionaire Carlos Slim well placed to clinch Mexico City airport terminal

December 07, 2016 at 06:21 pm EST

MEXICO CITY (Reuters) - A consortium including billionaire Carlos Slim's building unit submitted the lowest bid on Wednesday in a tender for the terminal project at Mexico City's new $13 billion airport as the telecoms tycoon looks to edge out two rivals for the deal.

The construction arm of Slim's Grupo Carso (>> Grupo Carso S.A. de C.V.) and his majority-owned FCC (>> Fomento de Construcciones y Contratas SA), submitted a bid of 84.8 billion pesos ($4.2 billion) for the project.

A consortium led by Portuguese builder Mota Engil (>> Mota-Engil) also threw its hat into the ring for the futuristic terminal with a 90.073 billion-peso proposal, while a group led by Mexico's Omega offered 87.5 billion pesos.

A winner will be announced on Jan. 6.

Reuters reported on Tuesday that Slim's group, which includes Spain's Acciona (>> Acciona SA) and Mexican firms ICA, Constructora Y Edificadora GIA+A (GIA), Promotora y Desarrolladora Mexicana (Prodemex), and the construction unit of Grupo Hermes, would compete together for the project.

A win for the group would be a shot in the arm for ICA, which fetched a $371 million deal to build a foundation for the terminal. In 2015, ICA began defaulting on interest payments as it struggled with slumping revenues and heavy debts.

Shares in the cash-strapped builder jumped 14 percent after bids were announced on Wednesday.

Designed by British architect Norman Foster and Slim's son-in-law Fernando Romero, the terminal building is slated to serve some 68 million passengers annually by the time it opens in 2020 and make Mexico City into a regional hub.

Slim was also helped by a last minute move by Spain's OHL (>> Obrascon Huarte Lain SA) to pull out of the running, following decisions by Ferrovial and Dragados to scrap bid plans as well.

Slim already bagged a stake in a $361 million contract to build a runway for the new airport in September.

(Reporting by Veronica Gomez; Writing by Alexandra Alper; Editing by Bernard Orr and Alan Crosby)

Stocks treated in this article : Mota-Engil, Acciona SA, Obrascon Huarte Lain SA, Fomento de Construcciones y Contratas SA, Grupo Carso S.A. de C.V., Empresas ICA SAB de CV

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	ACCIONA, S.A.	107.4 EUR	-1.20%	-0.19%	6.37B
	HUB CO., LTD.	702 JPY	-0.85%	-3.57%	63.55M

Carlos Slim Helú

Founder of 5 different companies, notably: America Movil SAB de CV, Teléfonos de México SAB de CV and Grupo Financiero Inbursa SAB de CV, Carlos Slim Helú is an entrepreneur and businessperson who has been the head of 13 different companies and currently holds the position of Chairman for Minera Frisco SAB de CV, Chairman at Asociación Mexicana de Intermediarios Bursátiles AC, Chairman of Instituto Carlos Slim de la Educación, A.C., Chairman at América Telecom SA de CV, Chairman of Carso Infraestructura y Construcciones SA de CV and Chairman at Promotora del Desarrollo de América Latina SA de CV. He is also Chairman of Fundación Telmex AC, Chairman of Fundación Carlos Slim Helú AC and Chairman of Telemex Foundation AC and on the board of 10 other companies. In the past he occupied the position of Chairman for Carso Global Telecom SAB de CV, President for Bolsa Mexicana de Valores SAB de CV, Chairman at Teléfonos de México SAB de CV (he founded the company in 1990), Director at America Movil SAB de CV and Chairman Emeritus at Grupo Financiero Inbursa SAB de CV. Carlos Slim Helú received an undergraduate degree from Universidad Nacional Autónoma de México.

View full profile

Linked companies
América Telecom SA de CV América Telecom SA de CV Wireless TelecommunicationsCommunications América Telecom SA de CV provides cellular and telecommunication services. It provides telecommunication services, through its subsidiary Telcel, in the nine mobile regions into which Mexico is divided. Its other subsidiaries include Corporativo Empresarial en Telecomunicaciones, Orca, Technology Fund One, Enitel Intelsat, Construccion y Servicios Internacionales, Techtel LMDS Comunicaciones Interactivas SA, Telet SA, Americel SA, Comunicacion Celular SA, Consorcio Ecuatoriano de Telecomunicaciones SA, Telecomunicaciones de Guatemala, SA, Telcel CompUSA, Inc., TracFone Wireless, Inc., Arbros Communications, Inc. and Genesis Telecom CA, which operate in various countries in the American continent. The company was founded in December 2001 and is located in Mexico City, Mexico.	Chairman
MINERA FRISCO, S.A.B. DE C.V.	Chairman

Linked companies