SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Grupo Mexico, S.A.B. de C.V., et al. – ‘SC 13D’ on 12/29/97 re: Asarco Inc

As of:  Monday, 12/29/97   ·   Accession #:  903423-97-241   ·   File #:  5-31638

Previous ‘SC 13D’:  None   ·   Next:  ‘SC 13D/A’ on 1/26/98   ·   Latest:  ‘SC 13D/A’ on 8/24/21

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

12/29/97  Grupo Mexico, S.A.B. de C.V.      SC 13D                 2:20K  Asarco Inc                        Cleary Gottlieb Ste… LLP
          Grupo Mexico SA de CV/FI
          Grupo Minero Mexico, S.A. de C.V.

General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership             12     37K 
 2: EX-1        Underwriting Agreement                                 1      6K 


SC 13D   —   General Statement of Beneficial Ownership
Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
4Item 1. Security and Issuer
"Item 2. Identity and Background
5Item 3. Source and Amount of Funds or Other Consideration
"Item 4. Purpose of Transaction
"Item 5. Interest in Securities of the Issuer
"Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
"Item 7. Material to be Filed as Exhibits
SC 13D1st Page of 12TOCTopPreviousNextBottomJust 1st
 

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 ASARCO Incorporated ------------------------- (Name of Issuer) Common Stock, without par value ------------------------------------- (Title of Class of Securities) 04341310 -------------- (CUSIP Number) Daniel Tellechea Salido Nicolas Grabar Grupo Minero Mexico, S.A. de C.V. Cleary, Gottlieb, Steen & Hamilton Baja California 200 One Liberty Plaza 06760 Mexico City, Mexico New York, New York 10006 (52-5) 574-8483 (212) 225-2000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 18, 1997 ------------------------------- (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Page 1 of 13
SC 13D2nd Page of 12TOC1stPreviousNextBottomJust 2nd
SCHEDULE 13D CUSIP NO. 04341310 Page 2 of 13 ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Grupo Mexico, S.A. de C.V. ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [__] (b) [__] ------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC ------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [__] ------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Mexico ------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES --------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 2,894,900 EACH --------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON None WITH --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,894,900 ------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,894,900 ------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [__] ------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.17% ------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO
SC 13D3rd Page of 12TOC1stPreviousNextBottomJust 3rd
SCHEDULE 13D CUSIP NO. 04341310 Page 3 of 13 ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Grupo Minero Mexico, S.A. de C.V. ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [__] (b) [__] ------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC ------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [__] ------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Mexico ------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES --------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 2,894,900 EACH --------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON None WITH --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,894,900 ------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,894,900 ------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [__] ------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.17% ------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO
SC 13D4th Page of 12TOC1stPreviousNextBottomJust 4th
Item 1. Security and Issuer. This Statement relates to the common stock, without par value ("Common Stock"), of ASARCO Incorporated, a New Jersey corporation (the "Issuer"). The Issuer has its principal executive offices at 180 Maiden Lane, New York, New York 10038. Item 2. Identity and Background. This Statement is being filed by Grupo Minero Mexico, S.A. de C.V. ("GMM") and Grupo Mexico, S.A. de C.V. ("GMEXICO"). GMM and GMEXICO are referred to collectively herein as the "Reporting Persons". The shares of Common Stock reported in this report were purchased by GMM, and GMM transferred such shares to GMEXICO on December 26, 1997. GMM is a corporation under the laws of the United Mexican States. Its principal business is to act as a holding company for shares of other corporations engaged in the mining, processing and sale of metals. Its principal executive offices are located at Baja California 200, Colonia Roma Sur, 06760 Mexico City, Mexico. GMEXICO is a corporation under the laws of the United Mexican States. GMEXICO owns 98.8% of the capital stock of GMM and controls GMM. Its principal business is to act as a holding company for the shares of other corporations engaged in (a) the mining, processing and sale of metals and (b) the operation of railways. The principal executive offices of GMEXICO are located at Baja California 200, Colonia Roma Sur, 06760 Mexico City, Mexico. GMEXICO is controlled by Empresarios Industriales de Mexico, S.A. de C.V. ("EIM"), a Mexican corporation. The principal business of EIM is to act as a holding company for shares of other corporations engaged in a variety of businesses including mining, railways, construction, real estate and drilling. The principal executive offices of EIM are located at Insurgentes Sur No. 432 - 9 piso, Col. Roma Sur, 06760 - Mexico, D. F. Annex I hereto sets forth the name, business address, present principal occupation or employment and citizenship of each director and executive officer of the Reporting Persons and EIM. The information set forth in Annex I hereto is incorporated herein by reference. No other person controls GMEXICO or GMM or has beneficial ownership of the shares of Common Stock held by GMM within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended. None of the Reporting Persons, or to the best knowledge of the Reporting Persons, any of the persons listed in Annex I hereto, has during the last five years (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was, or is, subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. Page 4 of 13
SC 13D5th Page of 12TOC1stPreviousNextBottomJust 5th
Item 3. Source and Amount of Funds or Other Consideration. The shares of Common Stock were acquired for cash. The source of such cash was working capital of GMM and GMEXICO. Item 4. Purpose of Transaction. The shares of Common Stock held by GMM were acquired for the purpose of investment in the Issuer. The Reporting Persons intend to continue to review their investment in the Issuer and from time to time may determine to acquire additional shares of Common Stock or to sell shares of Common Stock, in either case on the open market or otherwise. Such determinations will depend on various factors, including without limitation the financial performance of the Issuer, the availability and price of shares of Common Stock, other general economic, market and investment conditions and options available to the Reporting Persons. Neither of the Reporting Persons has any plans or proposals of the type referred to in clauses (a) through (j) of Item 4 of Schedule 13D promulgated by the Securities and Exchange Commission (the "Commission"). Item 5. Interest in Securities of the Issuer. (a) To the best knowledge of the Reporting Persons, as of October 31, 1997, there are 40,362,015 shares of Common Stock outstanding (as reported in the Issuer's Quarterly Report for the period ended September 30, 1997 filed on Form 10-Q with the Commission on November 12, 1997). The 2,894,900 shares of Common Stock beneficially owned by the Reporting Persons represent approximately 7.17% of such number of shares of Common Stock. (b) The Reporting Persons share the power to vote or to direct the vote of, and to dispose or to direct the disposition of, the Common Stock beneficially owned by them. (c) Annex II hereto sets forth all transactions in shares of the Common Stock effected during the past 60 days by the Reporting Persons. In addition, GMM sold 2,894,900 shares of Common Stock to GMEXICO on December 26, 1997. (d) and (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Item 7. Material to be Filed as Exhibits. A joint filing agreement between the Reporting Persons is filed as Exhibit 1 hereto. Page 5 of 13
SC 13D6th Page of 12TOC1stPreviousNextBottomJust 6th
SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in the statement is true, complete and correct. Dated: December 29, 1997 Grupo Minero Mexico, S.A. de C.V. By: /s/ Hector Garcia de Quevedo --------------------------------- Name: Hector Garcia de Quevedo Title: Managing Director Grupo Mexico, S.A. de C.V. By: /s/ Hector Garcia de Quevedo --------------------------------- Name: Hector Garcia de Quevedo Title: Managing Director Page 6 of 13
SC 13D7th Page of 12TOC1stPreviousNextBottomJust 7th
ANNEX I Identity and Background The following table sets forth the names, addresses and principal occupations of the executive officers and directors of Grupo Minero Mexico, S.A. de C.V. ("GMM"), Grupo Mexico, S.A. de C.V. ("GMEXICO") and Empresarios Industriales de Mexico, S.A. de C.V. ("EIM"). Except as set forth below. GRUPO MINERO MEXICO, S. A. DE C. V. Name Principal Business Address Occupation ---- -------------------------- ---------- Juan I. Gallardo Thurlow Monte Caucaso No. 915 - Chairman of the 4 piso Board and CEO of Col. Lomas de Chapultepec Grupo 11000 - Mexico, D. F. Embotelladoras Unidas, S.A. de C.V. Carlos Giron Peltier Lamartine No. 730 Investor Col. Del Bosque 11560 - Mexico, D. F. Genaro Larrea Mota Baja California No. 200 - Managing Director Velasco 4 piso GMEXICO Col. Roma Sur 06760 - Mexico, D. F. German Larrea Mota Baja California No. 200 - Chairman and Velasco 6 piso CEO of GMM and Col. Roma Sur GMEXICO 06760 - Mexico, D. F. Prudencio Lopez Martinez Monte Caucaso No. 915 - Investor 601 Col. Lomas de Chapultepec 11000 - Mexico, D. F. Juan Sanchez-Navarro Campos Eliseos No. 400 - Vice Chairman Peon 19 piso of Grupo Modelo Col. Lomas de Chapultepec 11000 - Mexico, D. F. Agustin Santamarina V. Campos Eliseos No. 345 - Retired Senior 2 piso Partner and Of Col. Chapultepec Polanco Counsel 11560 - Mexico, D. F. Santamarina y Steta, S.C. Page 7 of 13
SC 13D8th Page of 12TOC1stPreviousNextBottomJust 8th
GRUPO MEXICO, S. A. DE C. V. Name Principal Business Address Occupation ---- -------------------------- ---------- Hector Calva Ruiz Baja California No. 200 - Managing Director 6 piso GMEXICO Col. Roma Sur 06760 - Mexico, D. F. Alfredo Casar Perez Insurgentes Sur No. 432 - Managing Director 9 piso GMEXICO Col. Roma Sur 06760 - Mexico, D. F. Juan I. Gallardo Thurlow Monte Caucaso No. 915 - Chairman of the 4 piso Board and CEO of Col. Lomas de Chapultepec Grupo 11000 - Mexico, D. F. Embotelladoras Unidas, S.A. de C.V. Hector Garcia de Quevedo Baja California No. 200 - Managing Director 4 piso GMEXICO Col. Roma Sur 06760 - Mexico, D. F. Xavier Garcia de Quevedo Baja California No. 200 - Managing Director 4 piso Grupo Ferroviario Col. Roma Sur Mexicano 06760 - Mexico, D. F. Carlos Giron Peltier Lamartine No. 730 Investor Col. Del Bosque 11560 - Mexico, D. F. Claudio X. Gonzalez Jose Luis Lagrange Chairman of the No. 103 - 3er. piso Board and CEO of Col. Los Morales Kimberly Clark de 11510 - Mexico, D. F. Mexico, S.A. de C.V. Oscar Gonzalez Rocha Insurgentes Sur No. 432 - Managing Director 2 piso GMEXICO Col. Roma Sur 06760 - Mexico, D. F. Genaro Larrea Mota Baja California No. 200 - Managing Director Velasco 4 piso GMEXICO Col. Roma Sur 06760 - Mexico, D. F. Page 8 of 13
SC 13D9th Page of 12TOC1stPreviousNextBottomJust 9th
Name Principal Business Address Occupation ---- -------------------------- ---------- German Larrea Mota Baja California No. 200 - Chairman and Velasco 6 piso CEO of GMM Col. Roma Sur and GMEXICO 06760 - Mexico, D. F. Jorge Larrea Baja California No 200 - Retired investor 5 piso Col. Roma Sur 06760 - Mexico, D. F. Prudencio Lopez Martinez Monte Caucaso No. 915 - Investor 601 Col. Lomas de Chapultepec 11000 - Mexico, D. F. Jose Mendoza Fernandez Moras No. 850 - 5 piso Businessman Col. Del Valle Chairman of 03100 - Mexico, D. F. the Board and CEO of Bufete Industrial Romulo O'Farrill, Jr. Ave. San Jeronimo Businessman No. 790 - A Chairman and Col. San Jeronimo Lidice CEO of Novedades 10200 - Mexico, D. F. News Juan Sanchez-Navarro Campos Eliseos No. 400 - Vice Chairman Peon 19 piso of Grupo Modelo Col. Lomas de Chapultepec 11000 - Mexico, D. F. Agustin Santamarina V. Campos Eliseos No. 345 - Retired Senior 2 piso Partner and Of Col. Chapultepec Polanco Counsel 11560 - Mexico, D. F. Santamarina y Steta, S.C. Daniel Tellechea Salido Baja California No. 200 - Managing Director 4 piso GMEXICO Col. Roma Sur 06760 - Mexico, D. F. Page 9 of 13
SC 13D10th Page of 12TOC1stPreviousNextBottomJust 10th
EMPRESARIOS INDUSTRIALES DE MEXICO. S. A. DE C. V. Name Principal Business Address Occupation ---- -------------------------- ---------- Alfredo Casar Perez Insurgentes Sur No. 432 - Managing Director 9 piso GMEXICO Col. Roma Sur 06760 - Mexico, D. F. Antonio Franck Cabrera Ave. Paseo de las Palmas Senior Partner No. 405, Franck, Galicia, 3er. piso, Duclaud y Robles Col. Lomas de Chapultepec, 11000 - Mexico, D. F. Hector Garcia de Quevedo Baja California No. 200 - Managing Director 4 piso GMEXICO Col. Roma Sur 06760 - Mexico, D. F. Eduardo Gonzalez Gomez Insurgentes Sur No. 432 - C.P.A. 7 piso Independent Col. Roma Sur Financial Advisor 06760 - Mexico, D. F. Genaro Larrea Mota Baja California No. 200 - Managing Director Velasco 4 piso GMEXICO Col. Roma Sur 06760 - Mexico, D. F. German Larrea Mota Baja California No. 200 - Chairman and Velasco 6 piso CEO of GMM and Col. Roma Sur GMEXICO 06760 - Mexico, D. F. Jorge Larrea Baja California No. 200 - Retired investor 5 piso Col. Roma Sur 06760 - Mexico, D. F. Page 10 of 13
SC 13D11th Page of 12TOC1stPreviousNextBottomJust 11th
ANNEX II Transactions in Common Stock by the Reporting Persons During the Last 60 Days Reporting Number of Price per Method of Person Date Shares Share Transaction ------ ---- ------ ----- ----------- GMM October 23 38,700 29.7164 Open Market GMM October 24 30,000 29.9806 Open Market GMM October 27 41,500 28.0905 Open Market GMM October 28 105,000 26.1214 Open Market GMM October 31 13,400 27.4641 Open Market GMM November 3 26,200 27.4614 Open Market GMM November 4 87,600 27.4064 Open Market GMM November 5 40,500 27.5000 Open Market GMM November 6 52,600 26.7546 Open Market GMM November 7 50,000 25.9333 Open Market GMM November 10 93,000 25.5862 Open Market GMM November 11 29,700 25.8651 Open Market GMM November 13 45,000 24.8194 Open Market GMM November 19 41,200 25.4863 Open Market GMM November 21 60,100 25.2049 Open Market GMM November 25 148,700 25.3887 Open Market GMM November 26 15,600 24.6250 Open Market GMM December 3 52,300 24.4069 Open Market GMM December 5 122,500 24.7242 Open Market GMM December 8 32,000 25.0000 Open Market GMM December 9 93,300 24.8397 Open Market GMM December 10 64,000 24.5762 Open Market GMM December 11 100,000 23.6250 Open Market GMM December 15 225,100 23.2738 Open Market GMM December 16 130,800 23.2500 Open Market GMM December 18 320,000 22.4189 Open Market GMM December 19 327,500 22.0749 Open Market GMM December 22 126,600 21.8660 Open Market GMM December 23 103,000 22.0390 Open Market GMM December 24 57,500 22.5603 Open Market GMM December 26 4,400 22.2500 Open Market Page 11 of 13
SC 13DLast Page of 12TOC1stPreviousNextBottomJust 12th
Index of Exhibits ----------------- Exhibit No. Description Page ----------- ----------- ---- 1 Joint Filing Agreement by and among 13 the Reporting Persons Page 12 of 13

Dates Referenced Herein   and   Documents Incorporated by Reference

Referenced-On Page
This ‘SC 13D’ Filing    Date First  Last      Other Filings
Filed on:12/29/976
12/26/9745
12/18/971
11/12/97510-Q
10/31/975
9/30/97510-Q
 List all Filings 
Top
Filing Submission 0000903423-97-000241   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Fri., Apr. 19, 5:16:18.2am ET