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 Puts Community Tourism on the National Stage

Mexico Puts Community Tourism on the National Stage

Mexico named three community tourism destinations, signaling a federal push to put more visitor spending...

Mexico’s Low U.S. Tariff Rate Gives Exporters Edge

Mexican goods face a 3.7% average U.S. tariff rate, keeping exporters competitive as T-MEC rules...

Quintana Roo Property Boom Faces New Legal Warnings

Quintana Roo says 400 real estate projects are outside rules, raising legal-risk questions for buyers...
Mérida Rushes Drainage Repairs Before Heavy Rains Hit

Mérida Rushes Drainage Repairs Before Heavy Rains Hit

Mérida says drain cleaning, well desilting and street repairs are underway to reduce flooding risks...