Casas GEO (BMV: GEOB / BM: XGEO) was a leading housing developer in Mexico and one of the largest in Latin America.
Since its inception, the company had sold more than 510,000 homes which currently provide housing to 2 million persons.
Geo's business model focused mainly in the affordable entry level and economic segments.
In 2005, GEO entered the European market through the Latibex index, being the first housing company in Mexico to achieve this.
[2] Reuters reported an announcement made by GEO to the Mexican stock exchange in 2019, that a court in Mexico City declared the company in a state of bankruptcy with effect from March 8 due to a failure to make its payments.