Corporation GEO Corporation GEO is the house developer leader in the segments of smaller income in Mexico. The Company is integrated vertically what it allows him to become jumbled in all the aspects of design, development, construction marketing research, commercialization and delivery of residential sets focusing in the house of social interest and with a low exhibition in average and residential house. The operations of GEO are satisfied in 6 regions to 106 units of business and maintains an ample diversified geographic cover in 33 cities distributed in 16 states of the Mexican Republic. The strategy of the Company is directed to the base of the demographic pyramid, where: 1) especially exists a high deficit of houses in the population that receives four minimum wages less than; 2) INFONAVIT and FOVISSSTE approximately provide 70% of mortgages in Mexico, where GEO is leader in participation of market of mortgages granted by both institutes. GEO has focused in the house of social interest and their operations cover three quarters with the Mexican population. During the 2008, the company demonstrated to be strongly positioned in the base of the pyramid, obtaining a 91% of originating mortgages of INFONAVIT and FOVISSSTE. GEO is one of the main developers with a participation of market of 8% in a market very fragmented, where 32% of participation are between main the 10 developers of house, and rest 68% is diluted between a great number of constructors. The preference of the market by a house GEO is demonstrated by more than 450.000 houses sold from the beginnings of the Company, giving home to approximately two million of Mexican. GEO was founded on 1973 in the City of Mexico, and from 1994 it quotes in stock-market Mexican of Values. Form leaves from the select group of transmitters within the Index of Prices and Quotes (IPyC) of stock-market Mexican of Values and from the 14 of September of 2005 quote in the Latin American Stock market in Euros, Latibex. GEO counts on a unique series shareholder and Tag-Along rights for Minority stockholders. GEO is within the fifteen stock-exchange companies of the BMV. The percentage of action quoting freely in the market (float), ascends to 80%, being one of those of greater distribution, and counts on the best practices of corporative government in the Mexican market.
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