Aeromexico, Delta outline terms of share sale

Aeromexico, Delta outline terms of share sale

Mexico Equity M&A US

Aeromexico said it expects to close a share sale to US carrier Delta Airlines by March 10, after outlining the terms of the offer in a regulatory filing on Wednesday. Barclays is working on the potential MXN12.1bn ($595m) share sale, which could take Delta’s stake in its Mexican counterpart as high as 49%. Aeromexico is offering at least 179m shares and as many as 228m shares for MXN53 each. The maximum amount represents 32% of Aeromexico’s 714m total shares.The Mexican airline expects to r

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