Billionaire Salinas Says Elektra Delisting Will Set Him Free
By and Reto Gregori
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Mexican billionaire Ricardo Salinas is defiant as ever, plotting his next moves after clashes with the government and a plunge in his net worth.
In an interview, he said his plan to delist his flagship company, Grupo Elektra SAB, will get his businesses away from public markets and let him run the conglomerate as he sees fit. He said he'll get it done by around May, in part because only 0.3% of shares remain outstanding.
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