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Will Grupo Elektra's financial performance improve in Q1 2025 after privatization?
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Grupo Elektra's official financial statements for Q1 2025
Story
Grupo Elektra Privatizes and Exits Bolsa Mexicana de Valores on December 27 Amid Stock Decline, Ricardo Salinas Pliego Remains Honorary President
Dec 27, 2024, 06:42 PM
Grupo Elektra, a major Mexican retailer owned by billionaire Ricardo Salinas Pliego, is transitioning to a private company after shareholders approved its privatization. This decision follows a prolonged trading halt and a significant decline in its stock price. The company will no longer be listed on the Bolsa Mexicana de Valores (BMV), effectively removing its shares from public trading for the first time in over three decades. Salinas will continue to play a role in the company as an honorary president of the newly formed board of directors. The move aims to strengthen the company and maximize its value amidst ongoing tensions with the Comisión Nacional Bancaria y de Valores (CNBV).
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