Foxconn's subsidiary FII AMC MEXICO S. DE R.L. DE C.V. has acquired 243,027.80 square meters of land in El Salto, Jalisco, Mexico, for approximately $382.8 million. The purchase price was determined through negotiation based on market price. The company stated the acquisition was for operational needs.
Land Details
The land is located at Nuevo Periferico Oriente S/N. Oficial, Fraccion 8, and was sold by FARUBA, S.A. de C.V. The price per square meter was MXN 1,575.00. An appraisal by AVACORP valued the property at MXN 386,414,000.
Transaction Terms
No broker was involved in the transaction, and there were no dissenting opinions from directors regarding the purchase. The transaction involved no payment restrictions or other significant contractual conditions.