Mexico's Carso rises to record on spin-off plan

Newswire

MEXICO CITY, Aug 25 (Reuters) - Shares in Mexico's Grupo Carso, a conglomerate controlled by billionaire Carlos Slim, jumped to a record high on Wednesday after the firm said it planned to spin off real estate and mining units. Shares in Grupo Carso rose as much as 12.5 percent to 54.90 pesos, its highest price ever. The stock pulled back to trade around 52.40 pesos, on track for a record high close. "Separating the companies and having them (publicly) listed could create more value for ...

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