Carlos Slim Group Discloses Stake in PBF Energy

TL;DR

**Slim Family Buys Into PBF Energy!**

AI Summary

Carlos Slim Domit, along with other members of the Slim family and related entities, has filed a Schedule 13D on October 3, 2024, indicating a significant stake in PBF Energy Inc. The filing details their beneficial ownership of PBF Energy's Class A Common Stock, though specific dollar amounts or exact percentages are not immediately detailed in this excerpt. This filing signifies a notable interest from a prominent business family in the energy sector.

Why It Matters

This filing signals a significant investment by the influential Slim family into PBF Energy, potentially impacting the company's strategic direction and market perception.

Risk Assessment

Risk Level: medium — The filing indicates a substantial stake by a well-known investor group, which could lead to increased scrutiny and potential strategic shifts for PBF Energy.

Key Players & Entities

• PBF Energy Inc. (company) — Subject Company
• Carlos Slim Domit (person) — Group Member
• CONTROL EMPRESARIAL DE CAPITALES, S.A. DE C.V. (company) — Group Member
• Johanna Monique Slim Domit (person) — Group Member
• Marco Antonio Slim Domit (person) — Group Member
• Maria Soumaya Slim Domit (person) — Group Member
• Patrick Slim Domit (person) — Group Member
• Vanessa Paola Slim Domit (person) — Group Member
• HELU CARLOS SLIM (person) — Filing Party
• Jorge U. Juantorena, Esq. (person) — Legal Counsel

FAQ

Key Financial Figures

• $0.001 — (Name of Issuer) Class A Common Stock, $0.001 par value per share (Title of Class of
• $1,696,623.06 — hares at an aggregate purchase price of $1,696,623.06 thereby increasing its holdings in the
• $38.5450 — ple transactions at prices ranging from $38.5450 to $39.6000 inclusive. The reporting pe
• $39.6000 — ions at prices ranging from $38.5450 to $39.6000 inclusive. The reporting persons undert
• $37.1600 — ple transactions at prices ranging from $37.1600 to $37.4000 inclusive. The reporting pe
• $37.4000 — ions at prices ranging from $37.1600 to $37.4000 inclusive. The reporting persons undert
• $35.5300 — ple transactions at prices ranging from $35.5300 to $35.6500 inclusive. The reporting pe
• $35.6500 — ions at prices ranging from $35.5300 to $35.6500 inclusive. The reporting persons undert
• $35.8500 — ple transactions at prices ranging from $35.8500 to $36.00 inclusive. The reporting pers
• $36.00 — ions at prices ranging from $35.8500 to $36.00 inclusive. The reporting persons undert
• $36.3000 — ple transactions at prices ranging from $36.3000 to $36.6600 inclusive. The reporting pe
• $36.6600 — ions at prices ranging from $36.3000 to $36.6600 inclusive. The reporting persons undert
• $33.18 — ple transactions at prices ranging from $33.18 to $33.3884 inclusive. The reporting pe
• $33.3884 — ctions at prices ranging from $33.18 to $33.3884 inclusive. The reporting persons undert
• $32.66 — ple transactions at prices ranging from $32.66 to $32.78 inclusive. The reporting pers

Filing Documents

• ef20036684_sc13d.htm (SC 13D) — 333KB
• ef20036684_ex99-1.htm (EX-99.1) — 12KB
• 0001140361-24-042733.txt ( ) — 346KB

of Schedule 13D of the Exchange Act

Item 4 of Schedule 13D of the Exchange Act. Item 5. Interest in Securities of the Issuer (a) - (b) Calculations of the percentage of the Class A Common Shares beneficially owned are based on a total of approximately 117,149,510 Class A Common Shares issued and outstanding as of July 26, 2024, as reported in the Issuer's Form 10-Q filed with the SEC on August 1, 2024. As of October 3, 2024, (i) Control Empresarial, directly or indirectly, owns 23,462,398 Class A Common Shares (representing 20.0% of the outstanding Class A Common Shares) and (ii) the Slim Family, which are beneficiaries of a Mexican trust that owns all of the issued and outstanding voting equity securities of Control Empresarial, may be deemed to beneficially own indirectly the Class A Common Shares beneficially owned directly by Control Empresarial. (c) All transactions in Class A Common Shares effected by the Reporting Persons during the period beginning 60 days prior to the event which requires the filing of this statement are listed in Schedule 1 hereto and incorporated herein by reference. (d) Not applicable. (e) Not applicable. CUSIP No. 69318G106 Schedule 13D Page 12 of 16 Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Not applicable. Item 7. Material to Be Filed as Exhibits Exhibit 99.1 Joint Filing Agreement, dated as of October 3, 2024, by and between the Slim Family and Control Empresarial De Capitales S.A de C.V. CUSIP No. 69318G106 Schedule 13D Page 13 of 16 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: October 3, 2024 Carlos Slim Hel Carlos Slim Domit By: /s/ Marco Antonio Slim Domit Marco Antonio Slim Domit Marco Antonio Slim Domit Attorney-in-Fact * October 3, 2024 Patrick Slim Domit Mara Soumaya Slim Domit Vanessa Paola Slim Domit Johanna Monique Slim Domit CO

View Full Filing

View this SC 13D filing on SEC EDGAR