ICA Plans Second Pass at OMA Follow-On

ICA Plans Second Pass at OMA Follow-On

Equity

Mexican construction firm Empresas ICA says it will try again to sell shares in Grupo Aeroportuario del Centro Norte (OMA) through an all-secondary equity follow-on sale which it postponed last month. ICA has trimmed the size of the offer to 69m shares, assuming a 15% greenshoe option is exercised. That equates to 17.25% of the company, and would bring in MXP2.9bn ($223m) at Monday’s closing price. In the initial follow-on plan, which was pulled on June 26 after a volatile run in equity markets,

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial