Zamajal, S. A. de C.V. agreed to acquire 49.9% stake in Talos Energy México 2 S. de R. L. de C. V. from Talos Energy Inc. (NYSE:TALO) for $124.75 million on May 25, 2023. Purchase price of $124.75 million, implying a minimum valuation of approximately $250 million for the full 17.4% stake in Zama, potentially increasing to $262.50 million if certain milestones are reached. $74.85 million will be paid at closing, with the remaining $49.90 million due at first production.

The Company expects to close the transaction in the third quarter of 2023, subject to approval by Mexico's Federal Economic Competition Commission. Juan Carlos Serra Campillo of Basham, Ringe & Correa, S.C. acted as legal advisor to Grupo Carso and José L. Valera and Federica Castro of Mayer Brown LLP acted as legal advisor to Talos Energy. Carlos Facha and Deborah Huston acted as in-house counsel to Carso and Talos, respectively.