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Mexican multimillionaire Slim takes stake in PBF Energy



By Reuters Staff

Petroleumworld 09 01 2017

Mexican billionaire Carlos Slim has taken a 5.4 percent stake in refiner PBF Energy Inc , his second energy investment this month, according to a filing with the U.S. Securities and Exchange Commision.

Slim and family members bought nearly 5.9 million shares on Aug. 22 of PBF Energy, which has refineries in California, Delaware, Louisiana, New Jersey and Ohio.

PBF Energy shares have rallied more than 17 percent since that day, while the S&P 500 Energy Index is up less than 1 percent over the same period.

Slim and family bought a 5.1 percent stake in PBF Logistics LP, a PBF Energy subsidiary, on Aug. 14, according to a SEC filing made public on Aug. 21.


Reporting by Michael O‘Boyle; Editing by Bill Rigby from Reuters.

08 31 2017

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