Mexico billionaire Slim's construction company plans $1.4 billion offering

FILE PHOTO: Mexican billionaire Carlos Slim attends a news conference in Mexico City, Mexico October 16, 2019. REUTERS/Luis Cortes

Promotora Ideal , as the company is known, said in a filing to the Mexican stock exchange that the 25.8 billion Mexican pesos offering would be via a Fibra E, a Mexican real estate investment trust. Promotora Ideal manages highway, water treatment, electric energy generation and social infrastructure projects across Mexico. Like other companies controlled by Slim, it is listed on the Mexican stock exchange.

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