Electricity the Ricardo Salinas Pliego issued a statement through which it announced that a meeting of investors in which will analyze its privatization.
In the display, the company Ricardo Salinas Pliego He highlighted that the call for applications has already been published meeting with the general assembly of members which will be held on December 27.
Regarding this meeting, in the statement Elektra announced that it will review the possibility of being privatizedbecause it highlighted that the majority of shareholders would be in favor of the measure.
Due to the above, the announcement highlights that during the assembly it is planned to discuss, as a vitally relevant issue, that related to his permanence in the Mexican Stock Exchange.
Elektra (Michelle Rojkas / SDPnoticias)
Elektra would seek privatization; They will hold a shareholders meeting to decide it
A little more than 2 months after it was withdrawn from the listing market of the Mexican Stock Exchange, Elektra by Ricardo Salinas Pliego would be planning his privatization.
This was announced by the company itself through a statement that was released on social networks, in which it ensures that the majority of shareholders would be in favor to proceed with privatization.
In this regard, the memorandum states that 95% of members which has stakes, has expressed its opinion in favor of Elektra proceeding with the change to the private sector.
Consequently, the action that In reality it would be a mistake It will imply that Ricardo Salinas Pliego’s company leaves the Mexican Stock Exchange once and for all.
“Considering that the market currently does not maximize the value of the entity, both in its digital and physical operations at a national and international level, and with the certainty that more than 95% of the shareholders have expressed their interest in privatizing the company, in “said meeting will discuss and propose the cancellation of the company’s registration in the National Securities Registry.”
Elektra
Elektra plans to leave the Mexican Stock Exchange; accuses that its shares have not been valued well
By announcing your intentions to privatizethe company Elektra by Ricardo Salinas Pliego announced that it will analyze internally with its shareholders, its exit from the Mexican Stock Exchange.
On the subject, the report indicates that at the assembly on December 27, “the cancellation of company registration in the National Securities Registry.
In relation to this, in a parallel message that was disseminated by Grupo Salinas, it is stated that during the 30 years in which Elektra has quoted in the bag, benefits have been zero.
The conglomerate even accused that throughout said time, the Mexican Stock Exchange “has failed to reflect the true value of Grupo Elektra shares.”
By insisting that the majority of shareholders are in favor of deslitethey will seek a reorganization to maximize their value around their “technological, digital and physical assets.”
Due to the above, it is expected that in addition to confirming the decision to privatize the company, its decision will be made during the meeting on December 27. exit from the Mexican Stock Exchange.
What are the potential benefits of Elektra’s privatization for its operations and shareholders?
Interview: The Future of Corporations – A Conversation on Elektra’s Potential Privatization
Interviewer (Time.news Editor): Welcome, and thank you for joining us today. We have a special guest, [Expert Name], a financial analyst and expert in corporate governance. Today, we’re discussing the recent announcement by Elektra, a company owned by Ricardo Salinas Pliego, regarding its upcoming shareholders meeting to discuss the possibility of privatization. To start off, could you give us your thoughts on the implications of Elektra’s potential shift from a public to a private company?
Expert: Thank you for having me. Elektra’s potential privatization is indeed a significant development in the corporate world, particularly within Mexico. This shift could allow Elektra to operate without the constant scrutiny of public markets, which many believe have not accurately reflected its true value. The company has made it clear that over 95% of its shareholders support this move, which indicates a strong consensus that privatization could lead to better management and operational decisions free from market pressures.
Interviewer: Interesting! You mentioned the challenges of operating as a public entity. What do you think has led to this dissatisfaction among shareholders regarding Elektra’s current role in the Mexican Stock Exchange?
Expert: That’s an excellent question. Elektra’s leadership has cited that the market does not maximize the value of the entity, both for its digital and physical operations. In over 30 years of being listed, it seems that the stock has failed to reflect the company’s actual performance or potential. Many shareholders feel their investments are not being adequately rewarded, which is likely why there’s a strong push for privatization.
Interviewer: If Elektra does proceed with privatization, what could be the long-term consequences for the company and its shareholders?
Expert: The long-term effects could vary. On one hand, privatization might provide Elektra the agility to make bold moves in line with its strategic vision without the pressures of quarterly earnings reports. It could lead to a more streamlined approach to business operations, especially as it looks to expand its digital presence. On the other hand, the downside could be a lack of transparency, which might concern some shareholders who value having a say in the company’s affairs.
Interviewer: It’s a balancing act, for sure. As we look towards the meeting on December 27th where this will be formally discussed, what factors should shareholders consider before making a decision on such a significant change?
Expert: Shareholders should consider several aspects: first, the potential benefits of more agile decision-making in a competitive market. Second, they should assess the financial health of Elektra and what privatization would mean for their dividends and investment returns. they should think about the trade-offs in terms of their influence on the company’s governance once it is privatized.
Interviewer: So, it sounds like an important crossroads for Elektra and its investors. What advice would you give to those shareholders who are uncertain about which direction to take during this pivotal meeting?
Expert: I’d advise them to fully understand the implications of privatization and consider how much they value transparency and involvement in the company. It could also be beneficial to communicate their positions and concerns with other shareholders. Engaging in discussions can help form a collective voice that can influence the direction the company takes.
Interviewer: Thank you, [Expert Name], for sharing your insights on this crucial topic. It will certainly be interesting to see how this unfolds and what impact it has on the future of Elektra and its shareholders.
Expert: Thank you for having me. I’m looking forward to following the developments as the meeting approaches.
Interviewer: Thank you, and we hope to gather more insights and analysis as this story evolves. Until next time!