Mexico's Urbi seeking bankruptcy protection to restructure debt
MEXICO CITY Dec 2 (Reuters) - Mexican homebuilder Urbi is seeking bankruptcy protection to restructure 33 billion pesos ($2.34 billion) of debt, a source close to the negotiations said on Tuesday.
The source added that more than 50 percent of Urbi's lenders agree to restructure the debt. (1 US dollar = 14.1075 Mexican peso) (Reporting by Gabriela Lopez)
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