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

safe medical tourism in Aguascalientes

Cancún pushes medical tourism with lower-cost care

Cancún is drawing new hospital investment as medical tourism grows, with specialty care aimed at...
Yucatán turtle nesting season opens with new warning

Yucatán turtle nesting season opens with new warning

Sea turtle nesting season is underway in Yucatán, and conservationists want residents and tourists to...
Cabo Corrientes wildfire scorches 3,000 hectares

Cabo Corrientes wildfire scorches 3,000 hectares

Officials say the Llano Grande wildfire in Cabo Corrientes burned about 3,000 hectares before crews...
Erotic Sculptures on Vallarta Malecón Stir Debate

Puerto Vallarta Pulls Malecón Sculptures After Backlash

Puerto Vallarta removed the Contorsiones sculptures from the Malecón after complaints, reviving debate over art...