Mexican Airport Operator OMA Files Registration Statement for Initial Public Offering

Mexican Airport Operator OMA Files Registration Statement for Initial Public Offering

November 15, 2006
Mexican Airport Operator OMA Files Registration Statement for Initial Public Offering

 

  • Anticipated price range of US$14.50 to 16.50 per ADS
  • Anticipated offer size of between US$300 and 345 million

 

Monterrey, Mexico, November 15, 2006-Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., commonly known by its trade name OMA, announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of Series B shares of its capital stock. Series B shares will also be offered in the form of American Depositary Shares (ADSs), with each ADS representing eight Series B shares.

The price range for the offering is expected to be US$14.50 to US$16.50 per ADS and Ps. 20.00 to Ps. 22.50 per Series B share, based on an estimated exchange rate of Ps. 11.00 per U.S. dollar. The price will be set in U.S. dollars and the price in pesos will be equivalent to the price in dollars based on the exchange rate fixed by Banco de México and published in the Official Gazette of the Mexican Government (Diario Oficial de la Federación) on the day of the offering.

The ADSs and Series B shares are initially being offered in the United States and elsewhere outside of Mexico; a concurrent offering of Series B shares is being made in Mexico. In connection with the proposed offering in Mexico, a prospectus has also been filed with Mexico's National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) and the Mexican Stock Exchange (Bolsa Mexicana de Valores).

The Company has applied to list the ADSs on the NASDAQ Global Select Market under the ticker symbol "OMAB" and to list the Series B shares on the Mexican Stock Exchange under the ticker symbol "OMA."

A total of 167 million Series B shares (in the form of shares or ADSs) of OMA will be offered for sale through both the offering in the United States and elsewhere outside of Mexico and the offering in Mexico. The offer size is expected to be between US$300 million and US$345 million, excluding the over-allotment option. The underwriters have an option to purchase 25 million additional Series B shares (15 percent of the amount being offered) to cover over-allotments.

All the Series B shares are being sold by the Mexican Government, acting through its development bank NAFIN. The sale is being coordinated by Mexico's Ministry of Communications and Transportation (SCT). Once all the Series B shares and ADSs have been placed, including full exercise of the over-allotment option, the Mexican Government will have completed the privatization of OMA that was begun in 2000. The Series B shares being sold, including the over-allotment option, represent approximately 48 percent of OMA's total equity.

OMA will not receive any proceeds from the sale of shares and ADSs.

Citigroup Global Markets, Inc. is the manager and bookrunner for the U.S. and international offering. Acciones y Valores Banamex, S.A. de C.V., Casa de Bolsa, Integrante del Grupo Financiero Banamex (ACCIVAL) is the bookrunner for the Mexican offering.

A copy of the prospectus relating to these securities may be obtained from Citigroup Global Markets, Inc., Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220, Attention: Prospectus Department (Tel: +1 718 765 6732). It may also be accessed directly through the U.S. Securities and Exchange Commission at www.sec.gov.

A registration statement relating to these securities has been filed in the United States with the U.S. Securities and Exchange Commission, and a prospectus has been filed in Mexico with Mexico's National Banking and Securities Commission and the Mexican Stock Exchange. Neither the registration statement nor the prospectus has become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement and the prospectus become effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About OMA

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., or 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 employs over 900 persons in order to offer our passengers and clients airport and commercial services in facilities that comply with all applicable international safety and security standards. OMA's strategic shareholders are ICA, Mexico's largest engineering, procurement, and construction company, and Aéroports de Paris, the second largest European airports operator.

This communication may contain forward-looking information and statements. Forward-looking statements are statements that are not historical facts. These statements are only predictions based on our current expectations and projections about future events. Forward-looking statements may be identified by the words "believe," "expect," "anticipate," "target," or similar expressions. While OMA's management believes 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 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 our Registration Statement under the caption "Risk Factors." OMA undertakes no obligation to publicly update its forward-looking statements, whether as a result of new information, future events, or otherwise.