Vinci agrees deal for 30% stake in Mexico airport operator OMA

Vinci SA has agreed to buy Fintech Advisory Inc.’s 30% stake in Mexican airport operator Grupo Aeroportuario del Centro Norte SAB.

The French concessions and construction company will become the leading shareholder in the operator, known as OMA, it said in a statement Monday that confirmed an earlier Bloomberg News report. Financial details were not disclosed. 

The deal is valued at about $815 million, including some debt, according to a person familiar with the matter, who asked not to be identified discussing confidential information.

The transaction is for shares held by billionaire David Martinez’s Fintech Advisory Inc. in two separate investment vehicles, SETA and Aerodrome. The purchase price for SETA’s holding is about $578.7 million, while the Aerodrome stake would fetch about $236.7 million, including some debt, the person said. Some of SETA shares carry certain special rights. 

Martinez, a billionaire and native of Mexico, is the founder of Fintech, an investment firm with offices in New York and London.

OMA operates 13 international airports in Mexico, including the hub in Monterrey, the country’s second-largest business and industrial city. 

The deal is expected to complete by the end of 2022.