Cablemás to be listed

18 Apr 2006

Mexico’s second-largest cable company, Cablemás, and its investors, plan to sell shares to the public for the first time to help reduce debt. The preliminary prospectus for the sale does not provide details on the amount of shares to be sold or an estimated price. Mexico’s Alvarez family owns 47.3% of the company´s shares and 51% of voting shares, while Olmeca Investments owns 31.2%, Citicorp International Finance Corp owns 17.4%, and Nautilus owns 4.1%.