Sociedad Alinfra, a firm not related to Aeroméxico, submitted the request to carry out a voluntary Public Acquisition Offer (OPA) for the airline’s shares that circulate on the Mexican Stock Exchange, offering 1 peso per share.
Aeroméxico informed, through a statement, that the takeover bid would begin prior to the general shareholders’ meeting that will be held on January 14 and in the same it waits for the approval of other corporate actions related to the restructuring plan, such as the capital increase. , the capitalization of the debt, in addition to new capital injections.
Under this operation, Alinfra will be able to buy 681 million 238,373 shares of Aeroméxico in circulation, unless Delta Air Lines does not participate in the offer.
For this reason, it expects to acquire a maximum of 331 million 480,713 shares, which represent 49% of the capital stock of the Mexican airline, prior to the dilution effects of the implementation of the plan.
The Mexican airline reiterated that the public offer to purchase its securities will give shareholders who decide to sell an exit from the company’s capital stock, since the shares will be fully diluted.
The foregoing, once the restructuring process under Chapter 11 is exited and approved by the United States Bankruptcy Court for the Southern District of New York and the restructuring plan takes effect.
“At the conclusion of the offer and once the plan takes effect, less than 0.01% of the total future shares representing the company’s capital stock will be diluted by the capitalization of liabilities and new contributions of capital stock and eventual subscription by other shareholders and investors, “Aeroméxico said in the statement.
In it, he revealed that the Offer will be settled with funds received by the offeror or by Sociedad Alinfra, while it will be liquidated and consummated after the date of confirmation of the plan and the holding of the shareholders’ meeting.
The request was presented to the National Banking and Securities Commission (CNBV) and to the Mexican Stock Exchange (BMV).
Since December 16, when Aeroméxico announced the intention of Sociedad Alinfra to buy its shares that circulate in the Mexican stock market, its papers have registered a drop of 14.90%, to 3.14 pesos per unit. However, its price has been volatile.
Reference-www.eleconomista.com.mx