Mexico airport operator says loan collateral shares sold via Deutsche Bank

Grupo Aeroportuario Del Centro Norte SAB De CV

03/02/2016 02:31

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.  urn:newsml:reuters.com:*:nL8N15B5CE 
    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) 
 ((david.aliregarcia@thomsonreuters.com; +52 55 5282 7151; 
Reuters Messaging: 
david.aliregarcia.thomsonreuters.com@reuters.net)) 
 
Keywords: ICA DEFAULT/DEUTSCHE BANK