Puerto Vallarta News

Puerto Vallarta News

Slim companies spend over $200 million on America Movil stock

Mexican billionaire Carlos Slim's bank and his holding company spent over $200 million between November and late February to buy nearly 350 million shares in Slim's America Movil, according to a U.S. regulatory filing released on Tuesday.

Inversora Carso, a Slim investment vehicle, bought 348.9 million L-type shares in Slim's telecoms giant America Movil between November and Feb. 26, spending $209.22 million, according to the document released by the U.S. Securities and Exchange Commission.

Grupo Financiero Inbursa, the financial arm of Slim's empire, bought 50,084 L-type shares for $35 . . .

Read Full Story

Related Posts

Cabo San Lucas water

Mexico water crisis far outgrows Mexico’s tiny budget

Mexico’s top water adviser says the country needs 160 billion pesos a year for dams,...
Christmas in CDMX

Christmas in CDMX brings free ice rinks and glowing nights

From Bolo Fest on Reforma to free ice rinks in every borough, Christmas in CDMX...
puerto vallarta plan

Puerto Vallarta tourist tax struck down by Supreme Court

Mexico's top court scrapped the Puerto Vallarta tourist tax, calling it vague and unconstitutional and...
La Vaquita shooting

La Vaquita shooting leaves waiter dead in tourist zone of Playa del Carmen

A waiter shot in the head during the La Vaquita shooting in Playa del Carmen’s...