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

Aldea Hortus in Tondoroque

Profeco halts sales at Tondoroque housing development

Profeco suspended sales at Aldea Hortus in Tondoroque after finding contract and pricing gaps that...
Jet-fuel spike could push up travel costs to Puerto Vallarta

Jet-fuel spike could push up travel costs to Puerto Vallarta

Puerto Vallarta business leaders say soaring jet-fuel costs may lift airfares soon, even as flights...

Puerto Vallarta Marathon Road Closures Begin at 2 AM

Puerto Vallarta will begin road closures at 2 a.m. Sunday for the marathon, with rolling...
Playa del Carmen water service recovers after pipe damage

Playa del Carmen water service recovers after pipe damage

Repairs finished after CADU damaged a 20-inch water main in Playa del Carmen, but low...