After years of fighting to defend the share price of his flagship holding and a months-long trading halt, Mexican billionaire Ricardo Salinas Pliego is taking Grupo Elektra private.

Durante un tiempo, parecía que Grupo Elektra, uno de los minoristas de electrodomésticos más grandes de México, estaba a punto de convertirse en una acción zombie. Las acciones dejaron de ...

The retail arm of Mexican billionaire Ricardo Salinas’ Grupo Elektra is seeking to sell bonds amid risks that a rating downgrade on existing notes could trigger early repayments.

Salinas, who holds a nearly 75% stake in Grupo Elektra, saw the value of his shares decrease to an estimated $2.9 billion, down significantly from $7.6 billion on Friday.

Salinas controls nearly 80% of Elektra’s outstanding shares, according to data compiled by Bloomberg, and has relied on that holding to borrow money and support the extravagant lifestyle he ...

The businessman Ricardo Salinas Pliego has shown his support for cryptocurrencies for some time in several publications on his social networks. In June he made public that he had made investments ...

So for official bookkeeping reasons, Elektra’s shares are still worth the same 944.95 pesos they were quoted at on July 26, and Salinas’ wealth remains, precariously for now, intact.

Investing.com -- Mexican billionaire Ricardo Salinas has disclosed to Bloomberg that 70% of his wealth is invested in Bitcoin, with the remaining 30% held in gold and gold miners.He confirmed that ...

Salinas is the heir to the publicly-traded Grupo Elektra, which was founded by his grandfather in the 1950s. He now runs the financial and retail corporation and TV Azteca, the No. 2 Mexican TV ...

He said he intends to take Elektra private and stated his businesses are solid despite political headwinds: "Now I'm free to do my thing." Salinas called Bitcoin "the hardest asset in the world ...

Elektra was trading at 944.95 pesos in July when Salinas triggered a trading halt, alleging he was a victim of potential fraud. The sharemarket plunge pushed Ricardo Salinas out of the world’s ...