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Carlos Slim, Mexico’s richest person, said he is interested in increasing his company’s stake in Talos Energy’s (NYSE:TALO) projects, Reuters reported Monday, after he acquired a stake last year in the Zama oil deposit in the Gulf of Mexico.
Sim said raising his stake in Talos (TALO) would depend on conditions, and he provided no further details, according to the report.
Talos (TALO) discovered the Zama oil deposit several years ago, but later lost rights to operate the potentially lucrative find to state oil company Pemex.
Talos (TALO) completed a $125M deal last year with Grupo Carso, controlled by Slim and his family, that involved the sale of 49.9% of its Talos Mexico subsidiary.
Pemex is Zama’s operator and largest shareholder with a 50.4% stake, while Grupo Carso owns 17.4%; Europe’s Wintershall Dea and Harbour Energy also are partners.