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August 1, 2022

VINCI Airports to buy 29.99% stake in Mexican airport operator OMA

Pending regulatory approval, the deal is valued around $815m, a figure which includes debt.

VINCI Airports has reached a deal with Fintech Advisory to purchase the latter’s 29.99% stake in Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA).

In a statement, OMA said it received a letter notifying ‘that certain affiliates of Fintech have entered into a share purchase agreement with a subsidiary of VINCI Airports SAS (“VINCI”) to indirectly sell 29.9% of the capital stock of OMA.’

The deal, which awaits regulatory approval, is valued at around $815m, which includes debt.

Fintech will execute the transaction by offloading shares held in Servicios de Tecnología Aeroportuaria (SETA) and Aerodrome Infrastructure.

SETA’s stake will rake in around $578.7m, whereas the Aerodrome holding will provide nearly $236.7m including debt. 

With the move, VINCI Airports aims to continue to enhance its global footprint and further strengthen its stand as a major private airport operator in the world.

As part of the new agreement, VINCI Airports will be able to operate 13 new airports in Mexico under a 25-year concession.

The deal, which is anticipated to close by the end of this year, will allow VINCI Airports to add over 70 airports in 13 nations worldwide.

These newly added airports are situated in Northern and Central Mexico, which together recorded 23 million travellers in 2019 and 18 million in 2021.

The deal also includes Monterrey International Airport (MTY), which is the fifth-largest airport in Mexico and represents approximately half of OMA’s passenger volume.

Chihuahua International *CUU) and Ciudad Juárez International (CJS) airports, which are located at Mexico’s mining hub, as well as Culiacán International (CUL) and Mazatlán International (MZT) airports are included in the deal.

In addition, VINCI Airports is set to operate eight regional and tourism airports based on the Pacific Coast and in Central Mexico, namely Acapulco, San Luis Potosí, Torreón, Zihuatanejo, Durango, Zacatecas, Tampico and Reynosa.

In a statement, the airport operator said: “VINCI Airports is thus establishing itself in the third-most populous country in the Americas, where passenger numbers in the second quarter of 2022 already managed to exceed pre-pandemic levels.

“The remaining concession period (end of contract in 2048) will allow VINCI Airports to deploy its long-term partnership model to support the country’s tourism industry and economic growth.”

Last month, VINCI Airports announced that it would operate seven airports in Cape Verde as part of a 40-year concession contract.

VINCI Airports secured the contract from the Government of Cape Verde.

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