Grupo Mexicano de Desarrollo SA (BMV:GMD *) made an offer to acquire 42.26% stake in Gmd Resorts SAB (BMV:GMDR *) for approximately MXN 200 million on November 4, 2013. The offer will be based on an exchange ratio of one Desarrollo's (GMD) share for each 2.09 Gmd Resorts's (GMDR) shares. GMD will acquire up to 59.14 million shares in the deal. The offer period will be from November 13, 2013 to December 11, 2013. The General Extraordinary Shareholders Meeting of the shareholders of GMD, held on November 4, 2013, approved to carry out a share capital increase to launch the tender offer for GMDR's shares.

Grupo Mexicano de Desarrollo SA (BMV:GMD *) completed the acquisition of 41.29% stake in Gmd Resorts SAB (BMV:GMDR *) for approximately MXN 250 million on December 11, 2013. 57.78 million GMDR shares were acquired in the deal.