Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico 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

Retro Disco Night Brings 80s Hits to Vallarta Park

Retro Disco Night Brings 80s Hits to Vallarta Park

Puerto Vallarta’s 80s and 90s Disco Night returns Sunday at Parque Lázaro Cárdenas, with local...
Olas Altas Beach stands under a red flag

Red Flag Warning Posted at Puerto Vallarta Beaches

Puerto Vallarta beachgoers face red and yellow flags as Civil Protection warns of dangerous sea...
LGBTQ+ groups celebrate Querétaro gender identity law

LGBTQ+ groups celebrate Querétaro gender identity law

Querétaro’s gender identity law gives trans and nonbinary adults a civil registry path to align...
Why Mexico’s Builders Raise Decorated Crosses May 3

Why Mexico’s Builders Raise Decorated Crosses May 3

Each May 3, Mexico’s builders place decorated crosses on construction sites to mark Día de...