Fibra Hotel Prices Well Bid Follow-on

May 31, 2013

Concentradora Fibra Hotelera Mexicana has priced an equity follow-on that should raise MXP4.89bn ($382m), getting nearly 6x demand and coming at a 5.6% discount. The hotel real estate fund owned by Grupo GDI and known as Fibra Hotel is selling 196m primary shares, assuming a 15% greenshoe, at MXP24.95 each, according to people familiar with the sale. The price compares to Thursday’s MXP26.44 closing level. The sale was expected to...

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