US EditionCarlos Slim takes advantage of the stock market panic on Black Monday to buy more oil shares
2 Articles
2 Articles
Carlos Slim, the richest person in Latin America, took advantage of the stock market sell-off wave to increase his majority stakes in two US energy companies. Control Empresarial de Capitales SA, owned by Slim, spent $24.2 million in the first two days of this month to acquire 923,000 shares of Talos Energy and 357,000 shares of PBF Energy, according to regulatory documents. Slim's stake in the companies increased to 21.3% and 15.5%, respectivel…
Monday of panic in global markets represented an opportunity for Carlos Slim to redouble his commitment to the energy sector. The richest businessman in Mexico bought shares in two U.S. oil companies Talos Energy and PBF Energy, taking advantage of the generalized drop in stock prices, according to the Bloomberg agency.Continue reading
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
To view factuality data please Upgrade to Premium
