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MEXICO CITY, June 16 (Reuters) - Mexico's Grupo Hotelero Santa Fe, which operates a chain of higher-end hotels, said it raised 1.8 billion Mexican peso ($97 million) in a secondary share offer on Thursday, which will go towards its expansion plans.
The company said it placed 215.6 million shares in markets in Mexico, Chile and Peru at a price of 8.5 pesos per share, at the lower end of its 8 to 10 peso predicted range.
The company's shares closed up 1.1 percent in Mexico at 8.4 pesos a share.
$1 = 18.8890 Mexican pesos Reporting by Tomás Sarmiento; Editing by Sandra Maler