Grupo México will launch a takeover bid for Planigrupo in February

Grupo México, through Grupo Inmobiliario UPAS, has requested a Public Acquisition Offer for 100% of the shares of Planigrupo on the Mexican Stock Exchange.

Grupo Mexico is mainly engaged in industrial mining. Photo: Grupo Mexico.

01/16/2023

Grupo México, through Grupo Inmobiliario UPAS, has submitted the application to launch a Public Acquisition Offer (OPA) for 100% of the circulating shares of Planigrupo on the Mexican Stock Exchange (BMV), which is scheduled to begin on February 3rd and conclude on March 3rd.

In the event that a sufficient number of shares are acquired, Planigrupo, a company specializing in commercial center development, will join the list of companies that are delisting their shares from the BMV.

"If, as a result of the offer, the offeror becomes the holder of Planigrupo shares representing at least 95% of its social capital, it may cause the issuer to request the cancellation of the registration of the securities representing its social capital in the National Securities Registry (RNV), as well as their removal from the list of authorized securities for trading on the BMV," states the offer notice.

Read the full article in Spanish

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