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Mexico's Geo says declared bankrupt by court

MEXICO CITY, March 12 (Reuters) - Mexican housing developer Corporacion Geo said on Tuesday it had received notification from a court in Mexico City declaring the company in a state of bankruptcy with effect from March 8 due to a failure to make its payments.

Geo, as the company is known, made the announcement in a statement to the Mexican stock exchange. (Writing by Dave Graham; Editing by Daina Beth Solomon)