ICA and ADP are unwinding partnership in SETA
October 06 2016 - 5:30PM
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA
(NASDAQ:OMAB) (BMV:OMA), and Empresas ICA, S.A.B. de C.V. (BMV:ICA)
announce that Groupe ADP (EPA:ADP) has informed them of its
decision to exercise its option to exchange its 25.5% shareholding
in Servicios de Tecnología Aeroportuaria S.A. de C.V. (SETA), the
strategic partner of OMA, for OMA B shares held by SETA, which
represent 4.3% of OMA’s total equity (3.2% net of taxes), and of
its intention to sell this equity interest in OMA through an
international private placement outside Mexico.
SETA will remain OMA’s strategic partner.
Upon completion of the transactions, ICA’s wholly-owned subsidiary
Controladora de Operaciones de Infraestructura, S.A. de C.V.
(CONOISA) will be the sole shareholder of SETA, which in turn will
hold 12.4% of OMA, all in the form of BB shares. SETA will
continue to exercise its rights as OMA’s strategic partner, as at
present. In addition, CONOISA owns 1.9% of OMA’s B shares
directly.
OMA does not expect that the change in the
strategic partner’s composition will affect the operations of the
airport group, and OMA will continue to provide airport services of
the highest quality.
OMA and ICA have been pleased with the strategic
partnership with ADP since 2000; the parties expect that ADP will
continue to provide certain technical support to SETA under
appropriate service arrangements, including participation on behalf
of SETA on OMA’s Board of Directors until the next Annual
Shareholders’ Meeting.
This press release contains projections or other
forward-looking statements related to ICA and OMA that reflect the
companies’ current expectations or beliefs concerning future
events. Forward-looking statements involve inherent risks and
uncertainties. These statements are only predictions based on our
current information and expectations and projections about future
events. Forward-looking statements may be identified by the words
“believe,” “expect,” “anticipate,” “target,” “estimate,” or similar
expressions. While ICA’s and OMA's managements believe that the
expectations reflected in such forward-looking statements are
reasonable, investors are cautioned that forward-looking
information and statements are subject to various risks and
uncertainties, many of which are difficult to predict and are
generally beyond the control of ICA or OMA, that could cause actual
results and developments to differ materially from those expressed
in, or implied or projected by, the forward-looking information and
statements. These risks and uncertainties include, but are
not limited to, those discussed in ICA’s and OMA’s most recent
annual reports filed on Form 20-F under the caption “Risk Factors.”
ICA and OMA undertake no obligation to update publicly their
forward-looking statements, whether as a result of new information,
future events, or otherwise.
About ICAEmpresas ICA,
S.A.B. de C.V., carries out large-scale civil and industrial
construction projects and operates a portfolio of long-term assets,
including airports, toll roads and water systems. Founded in 1947,
ICA is listed on the Mexican stock exchange. For more information,
visit ir.ica.mx.
About OMAGrupo
Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA,
operates 13 international airports in nine states of central and
northern Mexico. OMA’s airports serve Monterrey, Mexico’s third
largest metropolitan area, the tourist destinations of Acapulco,
Mazatlán, and Zihuatanejo, and nine other regional centers and
border cities. OMA also operates the NH Collection hotel inside
Terminal 2 of the Mexico City airport and the Hilton Garden Inn at
the Monterrey airport. OMA employs over 1,000 persons in order to
offer passengers and clients airport and commercial services in
facilities that comply with all applicable international safety,
security, and ISO 9001:2008 environmental standards. OMA is listed
on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select
Market (OMAB). For more information, visit:
•
Webpage
http://ir.oma.aero•
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http://twitter.com/OMAeropuertos•
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ICA CONTACT:
Christianne Ibánez
christianne.ibanez@ica.mx
relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3607
Pablo García
pablo.garcia@ica.mx
Chief Financial Officer
OMA CONTACT:
Chief Financial Officer:
Vicsaly Torres Ruiz
+52 (81) 8625 4300
vtorres@oma.aero
Investor Relations:
Emmanuel Camacho
+52 (81) 8625 4308
ecamacho@oma.aero
Laury Franco Castillo
+52 (81) 8625 4377
lfranco@oma.aero
Manuel Higinio de León
+52 (81) 8625 4334
mdeleon@oma.aero
In the US: Daniel Wilson /Zemi Communications
+1 (212) 689 9560
dbmwilson@zemi.com
Media Relations:
Paola Fernández
+52 (81) 8625 4300
pfernandez@oma.aero
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