Fintech Completes Sale of Indirect Interest in OMA to VINCI Airports
December 7, 2022
Cleary Gottlieb represented Fintech Holdings Inc. (Fintech) and certain of its affiliates in the sale of 100% of their equity interest in Servicios de Tecnología Aeroportuaria S.A. de C.V. (SETA) and Aerodrome Infrastructure S.à r.l. (Aerodrome) to CONCESSOC 31 SAS, a wholly owned subsidiary of VINCI Airports SAS (VINCI).
The parties entered into a share purchase agreement on July 31, 2022, and the transaction closed on December 7, 2022.
VINCI now beneficially owns, through SETA and Aerodrome, approximately 29.99% of the total issued and outstanding capital stock of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMA). The purchase price paid by Vinci was $578.7 million for SETA and $240.8 million for Aerodrome.
Fintech and its affiliates participate and assist in the investment in securities of sovereign and private entities, primarily in emerging markets.
VINCI is a global operator of airport concessions, project management, maintenance, and construction. Following the close of the transaction, VINCI’s network will include more than 70 airports in 13 countries.
OMA is a Mexican publicly traded company that holds concessions to operate, maintain, and develop 13 airports in Mexico, concentrated in the country’s central and northern regions, and provides aeronautical services, non-aeronautical services, and commercial services to passengers and airlines that use the airports that it operates.