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

Mexico housing construction reaches a 10-year high

Mexico housing construction reaches a 10-year high

Homebuilding in Mexico surged in 2025 to its highest level since 2016, but rising prices...

Fifty Spanish Phrases You’ll Use Every Week Living in Mexico

A practical set of 50 Spanish phrases for Mexico—errands, services, appointments, and emergencies—with clear, real-life...
Mexico presses US to stop blasting near El Cuchumá

Mexico presses US to stop blasting near El Cuchumá

Baja California asked US border authorities to stop blasting near El Cuchumá, citing risks to...
Puerto Vallarta airport emergency drill

Puerto Vallarta’s March international air traffic fell 32.1% after February violence

Puerto Vallarta’s March international air traffic fell 32.1% after February violence, though officials say global...