M&A
confidence high
sentiment neutral
materiality 0.75
Talos sells additional 30.1% Zama stake to Carso for $82.7M; coop agreement, rights termination
TALOS ENERGY INC.
- Sells 30.1% stake in Talos Mexico (holds 17.4% of Zama) for $49.7M cash at close plus $33M upon first production, total $82.7M.
- After closing, Talos Mexico owned 20% by Talos, 80% by Zamajal (90% Grupo Carso, 10% Control Empresarial).
- Total contingent cash considerations from Zama now $82.9M, including $49.9M from prior transaction.
- Cooperation agreement caps Control Empresarial beneficial ownership at 25% through Dec 16, 2025.
- Terminates stockholder rights plan effective Dec 17, 2024; eliminates Series A Preferred Stock.