BeFra Clarifies Its Agreement To Sell The Jafra México Office Building In Mexico City, Following A News Article Which Appeared In Bloomberg en Línea On April 25, 2024 Entitled "Betterware Cancels Purchase Of Jafra Headquarters In Mexico City."
Portfolio Pulse from Benzinga Newsdesk
Betterware de México (BWMX) clarifies its agreement to sell the Jafra México office building in Mexico City, countering a Bloomberg report about the sale's cancellation. The sale, valued at Ps. 385.7 million, is part of a strategy to offload non-strategic assets and reduce debt. Proceeds will be received over three years, and Jafra México plans to relocate to a more modern, leased office in June 2024 to enhance competitiveness and employee well-being.

April 29, 2024 | 8:35 pm
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Betterware de México (BWMX) announces the sale of the Jafra México office building for Ps. 385.7 million, with proceeds aimed at debt reduction and relocation to a modern office by June 2024.
The sale of the Jafra México office building is a positive move for BWMX, indicating a strategic decision to reduce debt and invest in a workspace that aligns with modern standards and employee well-being. This could positively impact investor sentiment by demonstrating prudent financial management and a commitment to future growth and competitiveness.
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