March 28, 2017 / 11:50 PM / in 7 months

America Movil plans up to 3 billion pesos in share buybacks

MEXICO CITY (Reuters) - Mexican billionaire Carlos Slim’s America Movil said on Tuesday it plans to ask shareholders at an April 5 meeting to approve up to 3 billion pesos ($158 million) in share buybacks between April 2017 and April 2018.

Mexican billionaire Carlos Slim smiles during a news conference in Mexico City, Mexico, January 27, 2017. REUTERS/Edgard Garrido

America Movil will also propose a dividend of 0.30 pesos per share, the company said in a filing with the Mexican stock exchange.

Reporting by Anahi Rama

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