America Movil meeting approves 12 billion peso share purchase fund
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The America Movil logo is seen on the wall of the reception area in the company's corporate offices in Mexico City August 12, 2015. REUTERS/Henry Romero
MEXICO CITY (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.
(Reporting by David Alire Garcia; Editing by Sandra Maler)
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