(Corrects to remove incorrect percentage outstanding.)
Lone Pine bought 6.2 million shares of Fomento Economico Mexicano, Latin America’s largest beverage maker, and held a stake worth $198 million as of March 31, according to a regulatory filing today. The Monterrey, Mexico-based company is known as Femsa.
The Greenwich, Connecticut-based fund sold 5.4 million shares of Mexico City-based America Movil, Latin America’s largest mobile-telephone company.
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