Source – Bloomberg – January 11, 2021.
Carlos Slim continues to snap up shares of PBF even as the company’s stock continues to slump
Mexico’s richest entrepreneur, doubled down on his bet for the Post-Pandemic refining industry by increasing his stake in PBF Energy and its pipeline company PBF Logistics. by increasing his shares in the company through a deal worth $230 million dollars (PBF).
In a press conference, Arturo Elias, Slim’s spokesman and son-in-law, said, “We see this purely as an investment, which is very different from our own operations. The world still needs refining for planes, ships, cars and these companies were punished because consumption fell due to the pandemic.”
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