Grupo México, S.A.B. de C.V. (BMV:GMEXICO B) through Grupo Inmobiliario UPAS, submitted the request to launch a Public Acquisition Offer (OPA) for 100% of Planigrupo LATAM, S.A.B. de C.V. (BMV:PLANI *)'s shares in circulation on the Mexican Stock Exchange (BMV) which has an expected date of start next February 3, 2023 and end until March 3, 2023. In the event that a sufficient number of shares are acquired, Planigrupo, a shopping center developer, will be yet another of the companies that will delist its shares from the BMV. "If, as a result of the offer, the offeror turns out to be the holder of Planigrupo shares that represent at least 95% of its capital stock, it could cause the issuer to request the cancellation of the registration of the securities representing its capital stock in the National Securities Registry (RNV), as well as its removal from the list of securities authorized to be listed on the BMV," the offer notice states.

In the event that the takeover bid succeeds, it would be the first delisting of the year on the BMV, after in 2022 companies such as Grupo Sanborns, Industrias Bachoco, Aeroméxico, Banco Santander, Grupo Financiero Monex, Elementia Materiales and Fortaleza Materiales submitted the request. to delete the listing of shares in the local stock market. Through the request, as announced at the beginning of September 2022, Grupo México detailed that it will pay 14.20 pesos for each of the nearly 328.7 million Planigrupo shares that it seeks to buy.

The operation will imply a total payment of 4,667 million pesos. Until this Friday, January 13, each Planigrupo share was trading at 17.10 pesos on the Mexican Stock Exchange, a price almost 17% below what is offered by the shopping center developer. Planigrupo held its Initial Public Offering at the BMV on June 29, 2016, placing 166.3 million shares at a price of 19.75 pesos, equivalent to 1,833 million pesos.

To date, it has a portfolio with 36 shopping centers in Mexico. This IPO was the first issuer to exchange shares for titles of a Development Capital Certificate (CKD), which it placed in 2012 and in which seven retirement fund managers participated.