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Carlos Slim raises his bet in haste to touch 5% in the middle of the Amber-Monzón war

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Noise of sabers in Haste. In the middle of the war for control of the company and three days after the Shareholders Meeting who will decide the future of the non-executive president Javier Monzón, Carlos Slim its stake in the company has risen to close to 5%, as Invertia has confirmed with market sources.

The fact is relevant since the Mexican magnate could be decisive in tilting the balance in favor of the manager.

In September last year, one of its equity companies, the Investor of Carso SA, declared 4.3% of Rush. According to the records of the National Securities Market Commission (CNMV) was the highest percentage for Slim in this decade, since in 2014 it fell to 3.2% and in 2014 it remained at 2.4%.

In this way, this growth – which goes from 4.3% to close to 5% – becomes a clear commitment by Slim to try to influence the future of the media company. The movement that has not yet been declared to the CNMV occurs according to the sources consulted to support Monzón.

The bottom Amber Capital For weeks he has been seeking support from the main shareholders of the company so that the Shareholders’ Meeting does not renew him. In principle they would have the support of small funds and perhaps HSBC, but on the other side they have Santander, the Polancos, the Mexicans Carlos Fernández and Roberto Alcántara.

Prisa shareholders

And Slim. The majority shareholder of FCC supports Javier Monzón for the friendship that unites him with Felipe González. In fact, the sources consulted indicate that the former Prime Minister was key in the increase in the Mexican capital in Prisa less than a year ago.

Santander Bank has 4.8% of the shares of Prisa, the children of Jesus of Polanco they have 7.6% through Rucandio, although they left their shares as collateral to Santander after they were financed in the last capital increase. Mexicans are in a similar situation Carlos Fernandez with 4.03% and Roberto Alcantara with 5.2% of the capital.

Against it has Amber Capital with 29.8% to which should be added the support of investment funds that have no weight on the Board of Directors but which add up to more than 6% of capital. Vanguard it has 1.6%, Melqart Asset Management owns 3.6% and Polygon it has 1%. Amber plus the funds add 37% of the capital.

But those who have not spoken and still will not do so until the edge of Shareholders Meeting. HSBC that it has 9% of the capital and on other occasions it has voted together with Amber Capital. Qatari Abdullah Al-Thani, who owns 5.1% and is being courted by both sides; and Telefónica than a 9% stake.

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