AMX Starts Telmex Tender

Oct 11, 2011

Mexican telecom giant America Movil kicks off today its tender offer to buy the Telmex shares it already doesn’t own after receiving regulatory approval to move ahead with the operation. This comes after the company wrapped up fixed-income investor meetings in Europe late last week via Deutsche Bank, suggesting it may try its luck in the euro bond market if conditions are ripe. Indeed, markets Monday certainly adopted a risk-on stance after...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management