Mexican construction company ICA may sell its stake in airport operator Grupo Aeroportuario del Centro Norte (OMAB.MX) to investment fund Advent, a columnist with El Universal daily said on Tuesday. Columnist Alberto Aguilar said negotiations between ICA (ICA.N) (ICA.MX) and the fund were going on for a while and that both sides could strike a deal soon. He did not cite specific sources for the information. ICA and Advent International representatives were not immediately available for comment. The private equity firm has other operations in Latin America, including Brazil and Argentina. ICA holds a majority stake in OMA, which operates 13 airports in Mexico. Foreign investors cannot hold more than 25 percent in airlines or airport operators, which are considered among the country's strategic assets. Analysts asked ICA managers during a conference call last week about the possibility of an OMA stake sale, as they have before.
Empresas ICA, S.A.B. de C.V. is an engineering, procurement and construction company. Shares of ICA traded higher by 0.62% or $0.06/share to $9.69. In the past year, the shares have traded as low as $8.42 and as high as $11.42. On average, 211342 shares of ICA exchange hands on a given day and today's volume is recorded at 49824.
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