Grupo Salinas

Grupo Salinas

Grupo Salinas owns the TV network TV Azteca, which during two decades was the only competition of Televisa in open-TV. In its first four years of operation, from 1993 to 1997, TV Azteca reached 33% of the national audience. During the same period, the audience of Televisa went from 90% to 67%.

T.V. Azteca S.A.B de C.V. owns three of the seven open-TV commercial channels with national coverage, which in 2016, counted for 39% of the open-TV channels licensed by the government. One year later, its presence increased when the government authorized “adn40” to be transmitted as open-TV on national level. “adn40” is the third channel of the company which until then was only transmitted for free in the country's capital.

Besides the TV netwrok, Grupo Salinas owns banks, companies for financial services, nonprofit foundations and two stock exchange companies: Grupo Elektra S.A.B. de C.V. and T.V. Azteca S.A.B de C.V. During 2017, Grupo Elektra was the company with the highest profit at the Mexican Stock Exchange Market by increasing the value of its shares for 166%.

The founder and president of Grupo Salinas is Ricardo Benjamín Salinas Pliego. In 2017, this multimillionaire appointed three of his children–Ninfa, Benjamín and Hugo Salinas Sada– as Vice Presidents of the Executive Committee of the Board of Grupo Salinas.

The members of the Salinas familiy and/or the companies of the Group, have investements in the banking sector, finance, non-bank loans, credit sales, insurance companies, transport, publicity, as well as in renewable energy.

Grupo Salinas has its origins in 1906, with the founding of the first furniture factory and furniture shop “Salinas y Rocha” in the city of Monterrey , State of Nuevo León. The second big phase in the development of the Group is in 1950, with the opening of the shop for credit sales of household appliances “Elektra”, which back then was mainly producing radios and TV sets and whose General Director was Hugo Salinas Price, father of Ricardo B. Salinas Pliego. The latter takes the presidency over “Grupo Elektra” in 1987 and six years later he will found TV Azteca.

In 1994, Grupo Elektra gets listed on the New York Stock Exchange Market and two years later it will sign a contract with Western Union for electronic transfer of money. Grupo Salinas entered the banking sector in 2002 when it simultaneously opened 800 branches of the so called “Banco Azteca” within the space of its stores Elektra and Salinas y Rocha. Currently there are more than 7000 Elektra shops in Mexico, United States, Honduras, Guatemala, Peru, Panama and El Salvador.

Key facts

Mother Company

Comunicaciones Avanzadas S.A. de C.V.

Business Form

Private

Legal Form

Stock Corporation

Business Sectors

Finance; Bank loans; Insurance companies ; Trade ; Transport; Publicity

Ownership

Individual Owner

Ricardo Salinas Pliego

President and founder of Grupo Salinas. The Group unites the television network TV Azteca, two brokerage firms, one brokerage subsidiary, banks, nonprofit foundations and different companies in the financial service sector, telecommunications and credit sales of household appliances and furniture. In 2016 Panama Papers relates it to the Panamanian firm Mossack Fonseca. He is the eight richest Mexican in 2017 - according to Forbes magazine.
The ownership share could not be found for this Company (see "?" next to the owners image).

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Media Outlets
Other Media Outlets

Other TV Outlets

Azteca 7

Facts

Business

Finance

Grupo Elektra S.A.B. de C.V.

Non bank loans

Grupo Elektra S.A.B. de C.V.

Insurance company

Seguros Azteca S.A. de C.V

Transport

(Italika) Comercializadora de Motocicletas de Calidad, S.A. de C.V.

Marketing

Agenciai

Internet Pay-TV

AzTV de Paga

General Information

Founding Year

1906

Affiliated Interests Founder

Ricardo Salinas Pliego - President and founder of Grupo Salinas. The Group unites the television network TV Azteca, two brokerage firms, one brokerage subsidiary, banks, nonprofit foundations and different companies in the financial service sector, telecommunications and credit sales of household appliances and furniture. In 2016 Panama Papers relates it to the Panamanian firm Mossack Fonseca. He is the eight richest Mexican in 2017 - according to Forbes magazine.

Employees

More than 70 thousand collaborators

Contact

Av de los Insurgentes Sur 3579, La Joya, 14000 Ciudad de México, CDMX. Phone: 01 55 1720 7000

Tax/ ID Number

Missing data

Financial Information

Revenue (Financial Data/ Optional)

Missing data

Operating Profit (in Mill. $)

Missing data

Advertising (in % of total funding)

Missing data

Management

Executive Board

Missing data

Non-Executive Board

Missing data

Supervisory Board

Missing data

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

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Meta Data

Grupo Salinas does not inform about the year of its foundation. In the section History on its website it says that the group exists more than one century and it has its beginnings in 1906 with the founding of the furnitire factory and the first shop Salinas y Rocha.

On the web page of Grupo Salinas, the names of the companies that participate in the group are being listed, but the majority without their fiscal identity.

It is not known if Grupo Salinas is only one brand. The latter was registered in 1999 and its holder is TV Azteca S.A.B. de C.V., according to the register of the Mexican Institute for Industrial Property.

It is not possible to know the participation in shares of Grupo Salinas in the different companies that are members of it.

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