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Mexico's Sare Plans Asset Divestment

Dec 23, 2011

Mexican homebuilder Sare plans a MXN1.6bn ($115.9m) sale of non-core assets over the coming two years in a bid to pay off debt and finance ongoing projects. Sare shareholders approved a plan that entails selling...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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