Higher-end hotels operator Grupo Hotelero Santa Fe said it raised 1.8 billion Mexican peso ($97 million) on Thursday’s secondary share offer, which will be used for its expansion plans.
The Mexican company said it placed 215.6 million shares in markets in Mexico, Chile and Peru at a price of 8.5 pesos per share, at the lower end of its 8 to 10 peso predicted range.
Hotelero’s shares rose 1.1 percent in Mexico at 8.4 pesos a share, the company said.
The material has been provided by InstaForex Company – www.instaforex.com