Every Spin-Off
Inversiones de Capitales INCA
AnnouncedMXHolds Inbursa's non-financial investments, including stakes in Grupo Idesa (petrochemicals), Naturgy México (gas distribution), Havas Media, Giant Motors Latinoamérica and healthcare businesses.
Inbursa is separating its non-financial holdings (about MXN 40bn of share capital) from the regulated financial group. INCA's portfolio includes Grupo Idesa, Naturgy México, Havas Media, Giant Motors Latinoamérica, Salud Interactiva and Patia Biopharma.
- Status
- Announced
- Expected
- Awaiting BMV listing approval
- Parent
- Grupo Financiero Inbursa (GFINBURO MM)
- Spin-off ticker
- To be announced
- Listing
- Bolsa Mexicana de Valores
- Market
- Mexico
- Sector
- Financials
Terms
Partial spin-off (escisión parcial) of GFInbursa, distributing one INCA share for every three GFInbursa shares and listing on the BMV without a public offering; INCA will have 2,016,202,312 Series O-1 shares, and the Slim family will keep about 62.3–62.5%. The BMV received the listing application on 12 Oct 2026. Banco Inbursa approved a related escisión on 15 Oct 2026 that moves non-financial assets toward INCA; it still needs CNBV and SHCP authorisation.
Key dates
- BMV receives INCA listing application
- Banco Inbursa EGM approves related escisión
- CNBV/SHCP authorisations
- BMV listing and distribution
Source documents
- Press releaseBloomberg Línea: INCA to list on the BMV (10/12/26)
- PresentationNot yet published
- Prospectus / demerger documentNot yet public
- Sourceelceo.com (share capital and portfolio)
- Sourcebmv.com.mx (Banco Inbursa EGM resolutions, 15 Oct 2026, pdf)
- Sourcetiempo.com.mx
Every Spin-Off research
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