Reuters logo
Mexican homebuilder Geo says begins restructuring process
April 12, 2013 / 7:16 PM / 4 years ago

Mexican homebuilder Geo says begins restructuring process

MEXICO CITY, April 12 (Reuters) - Mexican homebuilder Corporacion Geo, struggling under a heavy debt load and sinking sales of its low-income homes, said it is starting a restructuring process.

The company said it hired advisers Fians Capital to help with the restructuring.

Geo shares were down 5 percent in afternoon trading.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below