Javer Picks Up ICA Homebuilding Assets

Javer Picks Up ICA Homebuilding Assets

Mexico M&A

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. Javer also takes on responsibility for refinancing MXP600m ($46m) in project debt, and notes that it expects to use a multi-year term loan for financing at first, before replacing it in the bond market. Javer adds 20 developments in Baja California, Veracruz, Hidalgo, Guanajuato,

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial