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MEXICO CITY, July 28, 2021 /PRNewswire/
COX ENERGY AMÉRICA, S.A.B. DE C.V. ( Cox , Cox Energy América or the Company ) (BIVA: COXA , BMV: COXA ), a Company dedicated to the strategy and development of solar photovoltaic renewable energy projects reports its results for the quarter ending June 30, 2021. All figures included in this report are in nominal Mexican pesos and in line with the International Financial Reporting Standards (IFRS).
For further information, please consult the file annexed to this relevant event. For financial information and its notes, please consult the XBRL format reported in the Institutional Stock Exchange and the Mexican Banking and Securities Commission (CNBV).
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MEXICO CITY – April 5, 2021 – Global law firm Greenberg Traurig, LLP represented lead underwriters, Banco Santander Mexico, S.A.; BBVA Mexico; and Grupo Financiero Banorte, S.A.B. de C.V.; in connection with the initial public offering (IPO) of Fibra SOMA, the Mexican REIT established by Grupo Sordo Madaleno, a leading commercial property developer and operator in Mexico.
On Feb. 23, Fibra SOMA conducted its IPO with the placement of 135,370,078 trust certificates, raising approximately $350 million. It is the first REIT to be listed in Mexico’s Institutional Stock Exchange, BIVA; and the second largest REIT in Mexico.
Grupo Sordo Madaleno is a Mexico City-based real estate development firm founded in 1937. The firm offers an integrated, multifaceted mix of real estate services, including architectural design, leasing, financing, acquisition, operation, legal, marketing, and construction. Fibra SOMA has 10 properties in operation, two in its construction pipeline, and
Greenberg Traurig Attorneys Represent Lead Underwriters in Connection with Initial Public Offering of Fibra SOMA - Grupo Sordo Madaleno’s Mexican REIT
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Global law firm Greenberg Traurig, LLP represented lead underwriters, Banco Santander Mexico, S.A.; BBVA Mexico; and Grupo Financiero Banorte, S.A.B. de C.V.; in connection with the initial public offering (IPO) of Fibra SOMA, the Mexican REIT established by Grupo Sordo Madaleno, a leading commercial property developer and operator in Mexico.
“We are pleased to have represented Santander, BBVA, and Banorte in this significant transaction within the Mexican securities market,” said Greenberg Traurig’s José Raz Guzman, who is a shareholder in the firm’s Corporate Practice and co-chair of the firm’s Latin America Practice.
BIVA captured 16% of the Mexican stock market during 2020, in its second year of operations
Throughout the year, BIVA increased its business volume by 70%, to 115 million dollars.
In this period, and despite the difficulties induced by the health emergency resulting from the COVID-19 pandemic, the consolidated trading volume recorded by the company amounted to more than 2.7 billion dollars.
During 2020, BIVA broke three years without any IPO in Mexico when the energy company COX Energy America (COXAII:MM) began trading last June. Despite being a complex and atypical 2020 due to the effects of the pandemic, our work alongside issuers and investors to strengthen the Mexican capital market has allowed us to be the fastest-growing option in the nation, María Ariza, CEO of BIVA, explained.