Grupo Carso

Grupo Carso is a separately listed entity that consolidates Slim's industrial, retail, infrastructure, and energy businesses. América Móvil, the telecommunications giant, sits outside Carso as an independent public company also controlled by Slim family interests. This separation means Carso functions specifically as the vehicle for non-telecom assets, providing a distinct investment profile. The structure allows public market investors to gain exposure exclusively to Carso's blend of construction, manufacturing, and consumer retail.

Carso is an acquirer and operator of mature, cash-flow-generating industrial and consumer businesses, not a venture capital investor. Its corporate history shows a pattern of taking controlling stakes in established companies, integrating them into the conglomerate, and managing them for long-term operational return. The firm maintains a Research and Development unit, but this focuses on technology within its existing industrial companies rather than early-stage external bets.