MEXICO CITY, Feb 2 (Reuters) - Mexican airport operator OMA said on Tuesday it had sold more than 33 million shares that had been pledged as collateral under a credit agreement between a subsidiary of embattled construction firm ICA and Germany’s Deutsche Bank.
OMA said in a statement that the sale of 33,162,600 Series B shares, more than 8 percent of the company’s shares, was carried out by Deutsche Bank’s brokerage.
Last week, Reuters reported that ICA subsidiary Aeroinvest, which holds ICA’s valuable OMA stake, filed a criminal complaint against employees of Deutsche Bank in a bid to prevent the bank from seizing the collateral for a now-defaulted loan to the construction firm.
ICA defaulted in December after a crash in the peso made its hefty dollar-denominated debt load more expensive.
The company, known for leading major infrastructure projects from airports to highways to dams, has also suffered longer-term pressures as it won fewer contracts.
Reporting by David Alire Garcia; Editing by Peter Cooney