EconomyFinancialAeroméxico is going for its second takeover bid of...

Aeroméxico is going for its second takeover bid of the year to delist from the BMV

Grupo Aeroméxico filed a formal request with the National Banking and Securities Commission (CNBV) to carry out a forced takeover bid (OPA), a process that is part of the delisting of shares from the Mexican Stock Exchange (BMV) approved by the company’s board of directors on June 29.

In a statement sent to the BMV, Aeroméxico explained that the OPA will be directed exclusively to the holders of shares that are not owned by the shareholders that maintain control of the company, or owned by the shareholders that are party to the Registration Rights Agreement ( or RRA, for its acronym in English), which is part of the commitments assumed in the restructuring plan under Chapter 11 of the US Bankruptcy Code.

“Any shareholder that is NOT part of the above groups will have the right, but not the obligation, to participate and accept the offer, in the terms and under the conditions provided for in the Informative Brochure of the Offer, to be published at the time. ”, reported the company.

The objective of the takeover bid is “to find adequate possibilities to provide greater liquidity to the representative share of the company’s capital stock,” added Aeroméxico, since the company expressed its interest in listing its shares on the New York Stock Exchange, a procedure that must begin no later than December 30 of this year, as part of the commitments assumed in its financial restructuring.

This is the second OPA that Aeroméxico launches to the market in the year. Between February and March, the airline launched a first takeover bid in which the company Alinfra sought to acquire the entire share capital of the company from the market before a new structure came into force, which gave rise to the injection of fresh capital through of the issuance of new shares, which entailed practically zero dilution of the investing public.

For this reason, Aeroméxico’s first OPA was launched to give investors the possibility of recovering part of their investment in company securities before the completion of its financial restructuring, although at a fixed price of 1 cent per share.

Everything goes up, but Mexicans do not give up their Starbucks coffee or Domino's...

Starbucks and Domino's Pizza remain the restaurant operator's most profitable brands, with revenue growth of 43.3% and 16.5%, respectively.

The drop in copper production impacts the profits of Grupo México

At the same time that its copper production fell 6.6%, it observed a decrease in the price of the mineral of 18.6%

Get rid of inflation! Gentera achieves triple-digit profits

Despite the good dynamism of its portfolio, the institution will show caution in 2023 due to the "January slope" and the possible defaults of its clients.

Arca Continental enters the distribution of Don Julio tequila

The Coca-Cola bottler will now test distillate distribution, while reinforcing Topo Chico's presence in the ready-to-drink category.

Orbia's profitability falls in the face of inflation, currency volatility and Europe's energy crisis

The company's sales stagnated, its operating flow fell 28% and its net income fell 56%, due to the complex macroeconomic environment.