Aeroméxico shares sank again on Tuesday after the firm Alinfra acquired almost a fifth of the company’s capital through a public offer that precedes a dilution of its outstanding shares by a capital increase, as part of its process. of restructuring.
the papers of Aeromexico Groupwhich operates the country’s main airline, They closed Tuesday with a crash of 26.75% to 59 cents in their fourth session followed by losses in which they have given up almost 50% of their value. Previously, in the day they came to quote at a historical low of 30 cents.
“We attribute the sessions of the last few months to mere speculation, since it was known that the value of the shares is practically zero”said brian rodriguezfinancial group stock analyst Monex.
By means of the Public Acquisition Offer (OPA)which took place between February 15 and March 14, Alinfra bought 133.2 million shares of the airline, at a price of one cent each, prior to an exchange of titles, which will dilute the current share capital of the company to less than 0.01%.
In late January, Aeroméxico announced that it had received US court approval for its financial restructuring plan after filing for bankruptcy in 2020 amid plummeting demand due to the coronavirus pandemic.
Currently, the firm has 682.1 million shares outstanding.
Source: Gestion
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