BlackRock boosts AM stake to more than 5%

1 Feb 2013

Investment company BlackRock has increased its stake in America Movil (AM). According to Bloomberg, the Mexican telecoms giant’s stock is divided into three classes with BlackRock holding 7.4% of the ‘L’ shares, the biggest class, which represents around two-thirds of the total outstanding stock. A spokeswoman for BlackRock said that the holding is equivalent to more than 5% of AM’s total equity.

Mexico, America Movil (AM)