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

Robbery Crew Warning Spreads in Vallarta and Bahía

Robbery Crew Warning Spreads in Vallarta and Bahía

Merchants in Puerto Vallarta and Bahía are urged to tighten security after masked suspects were...
Puerto Vallarta’s Civil Hospital Project Moves Ahead

Puerto Vallarta’s Civil Hospital Project Moves Ahead

Puerto Vallarta’s Hospital Civil de la Costa begins near CUCosta with a hospital-school model designed...

Mexico Cellphone Alert Drill Will Test Phones May 6

Mexico’s first 2026 National Earthquake Drill will test cellphone alerts May 6, with Yucatán simulating...
Playa del Carmen Boulevard Gets a Greener New Look

Playa del Carmen Boulevard Gets a Greener New Look

Playa del Carmen began reforesting its boulevard median with native trees as part of a...