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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: GlobalData
Provider: GlobalData

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Grupo Posadas SAB de CV sells entire stake in its subsidiary

Tuesday, 31 Dec 2013 12:10pm EST 

Grupo Posadas SAB de CV:Says it has sold an entire stake in its subsidiary, the owner of non-strategic assets, including Chemuyil area, to an investment vehicle formed by GBM (Grupo Bursatil Mexicano).Says the transaction value ascended to 680 million pesos.Says the sale is part of the strategy of the company to reorganize its assets and businesses with focus on the hotel business.Says with this transaction, the company has sold the majority of its non-strategic assets. 

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