VINCI Airports has reached an agreement with Fintech Advisory to buy the latter’s 29.99% stake in Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA).
In a press release, OMA said it had received a letter notifying “that certain Fintech subsidiaries have entered into a share purchase agreement with a subsidiary of VINCI Airports SAS (“VINCI”) to indirectly sell 29.9% of the capital of ‘OMA’.
The deal, which awaits regulatory approval, is valued at approximately $815 million, including debt.
Fintech will execute the transaction by offloading shares held in Servicios de Tecnología Aeroportuaria (SETA) and Aerodrome Infrastructure.
SETA’s stake will bring in around $578.7 million, while the Aerodrome holding company will bring in nearly $236.7 million including debt.
With this operation, VINCI Airports intends to continue to strengthen its global presence and strengthen its position as a major private airport operator in the world.
Under this new agreement, VINCI Airports will be able to operate 13 new airports in Mexico under a 25-year concession.
The agreement, which should be concluded by the end of this year, will allow VINCI Airports to add more than 70 airports in 13 countries around the world.
These newly added airports are located in northern and central Mexico, which together saw 23 million travelers in 2019 and 18 million in 2021.
The agreement also includes Monterrey International Airport (MTY), which is Mexico’s fifth largest airport and accounts for approximately half of OMA’s passenger volume.
The international airports of Chihuahua *CUU) and Ciudad Juárez International (CJS), which are located in the mining hub of Mexico, as well as the international airports of Culiacán (CUL) and Mazatlán International (MZT) are included in the OK.
In addition, VINCI Airports will operate eight regional and tourist airports based on the Pacific coast and in central Mexico, namely Acapulco, San Luis Potosí, Torreón, Zihuatanejo, Durango, Zacatecas, Tampico and Reynosa.
In a press release, the airport operator said: “VINCI Airports is thus gaining a foothold in the third most populous country in the Americas, where the number of passengers in the second quarter of 2022 has already managed to exceed pre-pandemic levels.
“The remaining concession period (end of the contract in 2048) will allow VINCI Airports to deploy its long-term partnership model to support the tourism industry and the country’s economic growth.”
Last month, VINCI Airports announced that it operates seven airports in Cape Verde under a 40-year concession contract.
VINCI Airports won the contract from the government of Cape Verde.