Cases & Deals

Grupo México acquires the real estate company, Planigrupo

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).