UPDATE 3-Slim closes in on pact to secure Telekom Austria
* America Movil says could start formal talks on pact
* Austrian minister says talks could wrap up within weeks
* Telekom Austria shares up 0.7 pct (Adds comments from Slim biographer)
By Angelika Gruber and Georgina Prodhan
VIENNA, Feb 25 (Reuters) - Carlos Slim's America Movil and the Austrian government are moving towards a deal to pool their stakes in Telekom Austria, which would lead to a takeover offer and mark a further step in the Mexican tycoon's expansion in Europe.
Austria's economy minister said on Tuesday talks about creating a shareholder pact, which both parties said had been informal so far, could wrap up within weeks.
American Movil, which faces increased regulation and competition in Latin America and is looking to expand into a recovering European economy, said on Monday it could move to formal talks with Austria.
An alliance would hold 55 percent of Telekom Austria - 28 percent from state holding company OIAG and 27 percent from America Movil - obliging it to make a takeover offer under Austrian law.
Telekom Austria shares closed up 1.65 percent, valuing the whole business at more than 3.1 billion euros ($4.3 billion). The stock earlier touched 7.31 euros, the highest since July 2012, two months after Slim made his first decisive move on the company by agreeing to buy 21 percent. Continuación...