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    GCARSO A1   MXP461181085

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

(GCARSO A1)
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Two consortiums present bids to build Bogota's $3.9 billion metro

10/03/2019 | 04:08pm EDT
Bogota Mayor Enrique Penalosa speaks during a news conference, accompanied by Metro compnay manager Andres Escobar Uribe and the Secretary of Mobility of Bogota, Juan Pablo Bocarejo, in Bogota

BOGOTA (Reuters) - Two international consortiums have submitted bids to build the first line of Bogota's metro system, the city's mayor said on Thursday, with one group comprised of Mexican, Spanish and French builders and the second of companies from China and Canada.

Five consortiums were initially pre-qualified to bid on the 13.8 trillion peso ($3.9 billion) project. The winner of the contract for the a 24-km (15-mile) elevated line will be announced on Oct. 21.

The metro, promised by city officials for decades, is considered key to taming traffic on Bogota's congested and chaotic roadways. It is meant to complement the city's Transmilenio system of buses.

One consortium is comprised of Mexico's Carso Infraestructura y Construccion and Promotora del Desarrollo de América Latina S.A. de C.V., Spain's FCC Concesiones de Infraestructura S.L.U. and Ferrocarril Metropolita de Barcelona and France's Alstom.

The second is comprised of China's China Harbour Engineering Company Limited and Xi'an Metro Company Limited and Canada's Bombardier.

"Bogota has guaranteed its metro - we have two proposals from formidable groups of international importance," Mayor Enrique Penalosa told journalists. "In April of next year work will start on the Bogota metro."

The winning consortium will have seven years to build the project and will operate it for two decades.

Colombia's capital, with some 7 million residents, will provide some 30% of the subway funding. The remainder will come from the national government.

(Reporting by Luis Jaime Acosta; Writing by Julia Symmes Cobb; Editing by David Gregorio)


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
AMP LIMITED -0.81% 1.225 End-of-day quote.-21.47%
AT HOME GROUP INC. 0.07% 36.785 Delayed Quote.137.77%
BOMBARDIER INC. 0.47% 1.075 Delayed Quote.122.92%
GRUPO CARSO, S.A.B. DE C.V. -2.11% 64.53 End-of-day quote.-2.79%
METRO INC. 1.29% 59.55 Delayed Quote.3.54%
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Financials
Sales 2021 104 B 5 104 M 5 104 M
Net income 2021 7 403 M 362 M 362 M
Net Debt 2021 16 051 M 785 M 785 M
P/E ratio 2021 23,0x
Yield 2021 -
Capitalization 146 B 7 120 M 7 137 M
EV / Sales 2021 1,55x
EV / Sales 2022 1,48x
Nbr of Employees 75 230
Free-Float 82,4%
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Technical analysis trends GRUPO CARSO, S.A.B. DE C.V.
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 58,33 MXN
Last Close Price 64,53 MXN
Spread / Highest target -7,02%
Spread / Average Target -9,60%
Spread / Lowest Target -11,7%
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Managers and Directors
NameTitle
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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