B_B schreef op 7 februari 2013 15:16:
BlackRock Says Stake in Slim’s America Movil Climbed to 5%
By Crayton Harrison - Jan 31, 2013 10:23 PM GMT+0100
BlackRock Inc. (BLK), the world’s biggest money manager, said it holds a 5 percent equity stake in billionaire Carlos Slim’s mobile-phone company, after adding shares through investing activity by its funds.
The holdings amounted to 3.8 billion of America Movil SAB’s L shares at the end of last year, according to a U.S. regulatory filing yesterday. New York-based BlackRock previously had disclosed having about 1.3 billion L shares through various funds, according to data compiled by Bloomberg.
America Movil, Latin America’s largest mobile-phone carrier, has trailed the performance of other Mexican stocks amid concern that stricter regulations and more intense competition will curb growth. That hasn’t stopped Slim, 73, who controls 43 percent of the wireless company, from maintaining his title as the world’s richest person, with a fortune of $78.3 billion according to the Bloomberg Billionaires Index.
The company’s stock is divided into three classes. BlackRock said it holds about 7.4 percent of the L shares, the biggest class, which represents about two-thirds of the total outstanding stock. BlackRock’s stake in America Movil’s total equity now exceeds 5 percent, said Bobbie Collins, a spokeswoman for the investor.
The holding makes BlackRock the second-biggest outside investor in Mexico City-based America Movil, after AT&T Inc., which has stake of about 10 percent, based on its ownership of Class L and AA shares.
Slim’s son, Marco Antonio Slim Domit, is a board member of BlackRock. The billionaire held a stake of less than 2 percent in the fund manager as of November 2010, his spokesman, Arturo Elias, said at that time.
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www.bloomberg.com/news/2013-01-30/bla...