America Movil meeting approves 12 bln peso share purchase fund

lunes 18 de abril de 2016 19:57 GYT

MEXICO CITY, April 18 (Reuters) - A shareholder meeting of Mexican telecoms giant America Movil, which is controlled by the family of billionaire Carlos Slim, voted to create a 12 billion peso ($689 million) stock purchase fund, the company said in a statement on Monday.

The fund will be used to buy shares of the company. ($1 = 17.4082 Mexican pesos) (Reporting by David Alire Garcia; Editing by Sandra Maler)