Overview
- Trading in Elektra shares was suspended on September 30 under Article 248, a procedural step before canceling its listing in Mexico’s securities registry.
- Shareholders approved taking the company private on December 27, 2024, with Pedro Padilla Longoria named board chair and Ricardo Salinas Pliego becoming honorary president.
- The move follows protracted clashes with the CNBV, a prior 2024 suspension, and a roughly 70% single‑day share plunge in December that accelerated the exit.
- Elektra and related Salinas firms face heavy fiscal exposure and ratings pressure, including SAT tax claims reported in the tens of billions of pesos and recent court rulings on past‑due liabilities.
- Cross‑border disputes continue, with a U.S. judge ordering TV Azteca to drop Mexican lawsuits, a $25 million bond posted in an AT&T case, investor arbitration seeking about $500 million, and President Claudia Sheinbaum stating the debts must be paid and planning to meet U.S. creditors.