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Javer Picks Up ICA Homebuilding Assets

Dec 4, 2012

Mexico’s Javer has agreed to acquire homebuilding assets from ICA’s ViveICA unit, Javer says. The deal value was not disclosed, but ICA is to exchange the assets and their operating liabilities for a 23% stake in Javer....

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management