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 reopens Indigenous literature prize for Americas

Mexico reopens Indigenous literature prize for Americas

Mexico has reopened the PLIA, inviting original works in Indigenous languages from across the Americas...
Supreme Court Move Puts Xcaret Maya Branding at Risk

Supreme Court Move Puts Xcaret Maya Branding at Risk

Mexico’s top court is poised to revoke Xcaret’s legal shield, a move that could force...
Foreign Companies Boost Hiring of Mexican Talent in 2025

Foreign Companies Boost Hiring of Mexican Talent in 2025

Foreign companies raised hiring of Mexican professionals 53% in 2025, showing broader cross-border demand in...
Bayer moves ahead with 1.9 billion peso Mexico plan

Bayer investment sharpens Mexico pharma export role

Bayer’s 1.9 billion peso push in Lerma and Orizaba highlights Mexico’s growing role in drug...