Billionaire Carlos Slim Buys Into Mega Oil Project in Mexico (1)

Billionaire Carlos Slim is making one of his biggest oil investments after agreeing to purchase a minority stake in a local producer that allows his Grupo Carso SAB to enter the Zama field, one of Mexico’s most promising energy projects.

Grupo Carso is purchasing a 49.9% minority stake in the local unit of Houston-based Talos Energy Inc. for $125 million. The deal gives Carso a 17.4% stake in Zama, with the price implying a minimum valuation of about $250 million for the oil field stake. Talos will retain control of the local unit through a 50.1% stake. The transaction is ...