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

Canadian Hells Angels suspect arrested in Cancún police operation

Canadian Hells Angels suspect arrested in Cancún police operation

Canadian fugitive Denis Ivziku was arrested in Cancún in an international case tied to alleged...
San Miguel Wins Global Award for Cleaner City Streets

San Miguel Wins Global Award for Cleaner City Streets

San Miguel de Allende earned the Escoba de Oro for cleaning, recycling and sustainability work...
Playa del Carmen Markets Could Become Tourist Stops

Playa del Carmen Markets Could Become Tourist Stops

Playa del Carmen named a market director and committee to improve four municipal markets and...
Mexico Tourism Revenue Tops $10B as Los Cabos Stays Key

Mexico Tourism Revenue Tops $10B as Los Cabos Stays Key

Mexico’s Q1 tourism revenue topped $10.2 billion as Los Cabos remained one of the country’s...