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

El Jorullo Becomes Puerto Vallarta’s Eighth Delegation

El Jorullo Becomes Puerto Vallarta’s Eighth Delegation

Puerto Vallarta approved El Jorullo as its eighth municipal delegation, expanding local representation in a...
Puerto Vallarta port schedules emergency drill

Puerto Vallarta port schedules emergency drill

Port officials scheduled a Level III emergency drill for May 14 in Puerto Vallarta, with...
Culture and creativity support 1.43 million jobs in Mexico

Culture and creativity support 1.43 million jobs in Mexico

Mexico’s cultural sector supports 1.43 million jobs and 2.8% of GDP, sharpening calls for stronger...
Mexico Sinks Onjuku Ship to Build Gulf Reef Habitat

Mexico Sinks Onjuku Ship to Build Gulf Reef Habitat

Mexico’s Navy sank the former Onjuku off Tamaulipas to create an artificial reef meant to...