Helu Carlos Slim Bought America Movil Sab De Cv’s Shares

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Helu Carlos Slim increased Position in America Movil Sab De Cv

Helu Carlos Slim has filled a SC 13D/A form regarding America Movil Sab De Cv . Filing Link: 000090342316001104. Per Helu Carlos Slim’s filing, the filler reported increased stake in the company by 26.80 % to 22,139,377,367 shares. Helu Carlos Slim now owns 42.6% of the company. This form was required due to trading activity on April 8,2016.

Form 13D is SEC filing that must be submitted within 10 days, by anyone who acquires beneficial ownership of more than 5% of any publicly traded securities. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing. These filings may be a precursor to hostile takeovers, company breakups, and other “change of control” events.

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