IPAB Begins Auction of 3,600 Bank Properties
Bnamericas Published: Thursday, November 29, 2001
Mexico's deposit insurance agency IPAB began this week the auction of 3,600 properties belonging to intervened banks Cremi, Obrero, Oriente and Union, the agency announced. The package includes urban, rural and commercial lots, offices, residential units and warehouses, and is divided into two groups: those immediately available for sale and those with restrictions or that still require additional paperwork prior to sale. Mexico City-based firm Accenture SC will act as advisor in the process. Bidding rules will be available until January 14, 2002.
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