Fibra Nova drafts share sale

Fibra Nova drafts share sale

Equity M&A Capital Markets Mexico

Mexican real estate investment trust Fibra Nova said it plans to sell up to another MXN2.5 billion ($126 million) worth of shares in the local market, giving preference to existing shareholders to participate in the deal. The Mexico City-based REIT priced the shares at MXN19.50 each, the same price as the initial public offering (IPO) in August 2017, according to a securities filing. In comparison, Fibra Nova's shares closed at MXN21.87 on Friday. Fibra Nova said it will spend MXN1.55 billion to

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