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General

Slim's companies lose USD 12.5 bln in market value in 2014

Friday 13 June 2014 | 21:54 CET | News
The seven companies of Carlos Slim trading on the Mexican Stock Exchange (BMV) have collectively lost MXN 161.8 billion (USD 12.5 billion) of their value so far in 2014, compared with the end of the year, reports El Financiero. By 06 June, the market value of America Movil, Ideal, Sanborns Group, Carso Group, Inbursa, Carso Infrastructure and Minera Frisco, was down 9.3 percent from the end of 2013. The decline was mainly caused by poor appetite for America Movil shares, due to uncertainty over new telecommunications regulations and other issues such as the sale of shares in AT&T. America

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Categories: General
Companies: America Movil
Countries: Mexico
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