By Pierre Bertrand

 

Vinci SA on Thursday said that its airports business has finalized its $1.17 billion acquisition of Fintech Advisory Inc.'s 29.99% stake in Mexican airport operator Grupo Aeroportuario del Centro Norte SAB de CV.

Vinci Airports is now the largest shareholder in the airport operator known as OMA, Vinci said.

OMA will operate 13 airports in Mexico until 2048, including Monterrey's international airport, which handles about half of OMA's passenger traffic, Vinci said.

Vinci said it will contribute to operating the airports and plans to start direct flights between Monterrey and the U.S. cities of Los Angeles, Houston, Detroit and Austin.

Monterrey is Mexico's industrial capital and the country's second-largest city, Vinci said.

 

Write to Pierre Bertrand at pierre.bertrand@wsj.com

 

(END) Dow Jones Newswires

December 08, 2022 05:07 ET (10:07 GMT)

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