Corporacion Geo SAB de CV announced a private placement of 359,738,111 common shares at MXN 9.7293 per share for gross proceeds of MXN 3,500,000,000 on November 19, 2015. The transaction will include participation from existing investors according to their preferred subscription rights in proportion with the stake they hold. Each shareholder will have a right to purchase 6.0826 additional share for every share they own.

The existing shareholders will invest for a period of 15 days from announcement and after that the remaining shares can be subscribed by people from GEO administration committee. Investment funds Capital Inmobiliario and Solida Banorte might participate in the transaction. The transaction has been approved by the shareholders of the company.