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

Park Life brings rental housing to the public market

Park Life brings rental housing to the public market

Park Life’s debut gives Mexico a public-market vehicle for rental housing, a move that could...
puerto vallarta cruises

Puerto Vallarta closes March with 11,668 cruise visitors

Two cruise ships brought 11,668 people to Puerto Vallarta on March 31 as the port...
Mexico’s Public Investment Slump Sends Growth Warning

Mexico’s Public Investment Slump Sends Growth Warning

Mexico’s public investment fell 44.9% through February, driven by energy cuts and Pemex, raising fresh...
Cancún Launches a City Guide Beyond the Hotel Zone

Cancún Launches a City Guide Beyond the Hotel Zone

Todo Cancún combines tourism, culture, sports and downtown routes in one portal as the city...