ICA Looks to Trim Airport Stake

ICA is planning to raise as much as $400m from the sale of shares in Grupo Aeroportuario del Centro Norte (OMA), it says. The Mexican construction company’s Aeroinvest subsidiary has registered a shelf to sell as much as 100m shares, or a 25% stake, of the airport operator. A sale of the full amount would raise MXP4.709bn ($386m) if done at Thursday’s MXP47.09 closing price. Once approved by regulators, ICA could sell the shares at any time during a 3-year period.