3 de febrero de 2016 / 2:35 / hace 2 años

Mexico airport operator says loan collateral shares sold via Deutsche Bank

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below