Agrofibra to Arrive at Biva in March

Agrofibra is preparing to debut as the first real estate investment trust (FIBRA) in Mexico's agri-food sector on March 23 on the Bolsa Institucional de Valores (Biva).

It will seek to place each real estate trust stock certificate (CBFI) at a price of 40 pesos, for which it plans to raise up to 6.037 billion pesos, considering the exercise of the over-allotment option.

The funds will be used to acquire a portfolio of properties; initially it plans to acquire a portfolio of 15 properties dedicated to Mexican rural activities.

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