Cases & Deals

  • Home
  • Practices
  • Grupo México acquires the real estate company, Planigrupo

Share

Grupo México acquires the real estate company, Planigrupo

September 2022

Clients Grupo México, S.A.B. de C.V.

Jones Day advised Grupo Inmobiliario UPAS, S.A. de C.V., a subsidiary of México Proyectos y Desarrollos, S.A. de C.V., Grupo México, S.A.B. de C.V.'s Infrastructure Division ("Grupo México") in the due-diligence, negotiation and formalization of an agreement with certain Southern Cross Group's subsidiaries (controlling shareholders of Planigrupo LATAM, S.A.B. de C.V. ("Planigrupo")) for the acquisition of its stake in Planigrupo, for which Grupo México launched a public tender offer for up to 100% of the shares representing Planigrupo's capital stock, resulting in the acquisition by Grupo México of 95.47% of Planigrupo's outstanding capital stock for a total amount of 4.49 billion pesos (approximately $245 million).

Contacts

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.