Mexican billionaire increases stake in NY Times

David Gelles and Adam Thomson
Financial Times
August 24, 2011

Mexican billionaire Carlos Slim Helu has increased his stake in the New York Times Company just weeks after the US newspaper group repaid the emergency $250m loan it took from Mr Slim in 2009.

Mr Slim upped his stake from 6.9 per cent to 7.3 per cent through the purchase of 553,000 class A shares, according to a regulatory filing. The new holdings, acquired on August 18 for between $6.83 and $7.09 per share, were purchased by Mr Slim’s Inmobiliaria Carso SA investment fund and came at the end of a volatile week on the stock market.

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