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    GCARSO A1   MXP461181085

GRUPO CARSO, S.A.B. DE C.V.

(GCARSO A1)
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Grupo Carso B de C : Probe finds new defects after Mexico City metro crash

06/17/2021 | 03:42pm EDT

MEXICO CITY, June 17 (Reuters) - The Civil Engineering Corps of Mexico said on Thursday that after a physical inspection of the Mexico City metro line that suffered a deadly collapse last month it found evidence of other deficiencies and vulnerabilities that require further analysis.

"Deficiencies and vulnerabilities were detected that require further study," said Bernardo Gomez, coordinator of the corps' structural safety technical committee.

The corps inspected 11.1 kilometers (6.9 miles) of the now-suspended Line 12 metro route, excluding the exact location of the May 3 accident that killed 26 people.

Fissures in columns and beams, lack of adequate space between girders and other issues labeled "questionable construction practices" were among the deficiencies, said Gomez.

The corps recommended giving priority attention to repairing the fissures in columns and other parts of the metro line's infrastructure and reviewing the separation between the columns for the metro and a bridge for cars along the heavily transited inner city ring road known as the Periferico.

"We have three cases of columns where cracks are seen in the concrete that appear to be superficial but due to the importance of these structural elements ... it's important that they not only be repaired but are further analyzed and studied," said Gomez.

He added that while some of the defects seen could have come when the metro line was built, they could also be the product of the massive September 2017 earthquake that struck Mexico City. He urged further analysis.

Preliminary findings of an independent investigation presented on Wednesday showed the deadly collapse on a section of the Line 12 metro route was caused by a structural failure.

The collapse, Mexico's biggest train accident in years, put pressure on close allies of President Andres Manuel Lopez Obrador, as well as Mexican billionaire Carlos Slim, Latin America's richest man. (Reporting by Anthony Esposito and Raul Cortes in Mexico City Editing by Matthew Lewis)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALSTOM -2.90% 35.54 Real-time Quote.-23.75%
GRUPO CARSO, S.A.B. DE C.V. -1.42% 63.69 End-of-day quote.-4.05%
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Financials
Sales 2021 104 B 5 245 M 5 245 M
Net income 2021 7 403 M 372 M 372 M
Net Debt 2021 16 051 M 807 M 807 M
P/E ratio 2021 22,7x
Yield 2021 -
Capitalization 144 B 7 243 M 7 233 M
EV / Sales 2021 1,53x
EV / Sales 2022 1,46x
Nbr of Employees 75 230
Free-Float 99,9%
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Technical analysis trends GRUPO CARSO, S.A.B. DE C.V.
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TrendsBullishBullishNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 63,69 MXN
Average target price 58,33 MXN
Spread / Average Target -8,41%
EPS Revisions
Managers and Directors
Ignacio Antonio Gómez García General Director
Carlos Slim Domit Chairman
Rafael Moisés Kalach Mizrahi Independent Director
José Kuri Harfush Independent Director
Antonio Cosío Ariño Independent Director
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