Mexico airport operator says loan collateral shares sold via Deutsche Bank (updated)

Grupo Aeroportuario Del Centro Norte SAB De CV

03/02/2016 03:15

(Adds statement from ICA) 
    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 construction company now holds 17.23 percent of OMA and 
it is not in default on any other debt backed by the OMA shares, 
ICA said in a separate statement on Tuesday. 
    ICA, 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