Slim companies spend over US$200 million on América Móvil stock

Mexican billionaire Carlos Slim's bank and his holding company spent over US$200 million between November and late February to buy nearly 350 million shares in Slim's América Móvil, 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 América Móvil between November and Feb. 26, spending US$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 US$35,583, the SEC said.

Slim is one of the richest men in the world, controlling a global banking, telecoms, mining and retail empire.

In December, Slim's holding companies bought up almost 500 million América Móvil shares over the course of a few months, spending US$416 million.

Inbursa owns 2.1 percent of América Móvil stock, while Inversora Carso controls 19.8 percent, according to the filing.