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Carlos Slim eyes investments in Latin America

Thursday, July 10, 2014

Carlos Slim is planning to spend more in countries such as Brazil while placing bigger bets on industries like energy, as regulatory pressure in Mexico splinters his most prized asset.

After two decades of investments in Mexico’s phone business added him to the ranks of the world’s richest people, Slim said this week that his America Movil is bowing to antitrust legislation by selling assets in Mexico to reduce its dominant market share.

Now, Slim said he plans to put more money into energy, infrastructure and real estate across Latin America, particularly in Brazil, Colombia and Peru.

Source: Bloomberg