MEXICO CITY (Reuters) - Billionaire businessman Carlos Slim has increased his indirect stake in America Movil
The filings show that Slim's real estate company, Inmuebles Carso
Slim's indirect stake in America Movil, including shares held through these companies, effectively increased from 15.2 percent since the last filing in July. His direct holding of America Movil shares did not change.
Shares of America Movil, which reported a sharp drop in quarterly results on Thursday, have fallen almost 9 percent this year. The company has spent more than $4.5 billion to date buying back shares.
The filing on Friday showed that Slim's other companies have been supporting that buyback effort.
The Slim family holds the majority of America Movil's voting shares.
America Movil shares closed at 13.660 pesos on Friday.
(Reporting by Elinor Comlay; Editing by Leslie Adler)