Grupo Financiero Inbursa, S.A.B. de C.V. (BMV:GFINBUR O) and Impulsora del Desarrollo y el Empleo en América Latina, S.A.B. de C.V. (BMV:IDEAL B-1) entered into an agreement to acquire stake in Federal Penitentiary in Morelos from CRS Morelos, S.A. De C.V on April 19, 2013. In a related deal, Grupo Financiero Inbursa, S.A.B. de C.V. (BMV:GFINBUR O) and Impulsora del Desarrollo y el Empleo en América Latina, S.A.B. de C.V. (BMV:IDEAL B-1) entered into an agreement to acquire stake in Federal Penitentiary in Chiapas from Makobil. The combined purchase price for both penitentiaries is MXN 4 billion.

Post this transaction, Homex's whole stake in the Federal Penitentiaries will be sold. The deal is subject to correspondent approvals and appropriate regulatory authorities and lender approvals. MXN 2 billion will be used in for working capital purposes at the Homex Mexico division, and approximately MXN 2 billion is expected to be used to repay debt.