Sare Builds Follow-on

Sare Builds Follow-on

Mexico Equity

Sare Holding has priced a MXP930m equity follow on at a 1.6% discount to Wednesday’s MXP3.10 close. The Mexican homebuilder sold 305m shares at MXP3.05 each. Demand topped MXP3bn, according to a banker on the sale, including about MXP1bn from private banking, MXP900m from international institutional investors, and MXP500m from the local institutional buyside. Sare plans to use proceeds to increase production and boost efficiency following a debt restructuring, using proceeds to provide working c

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