Aldesa, through its subsidiary Concesionaria de Autopistas del Sureste (CAS), has placed stock certificates on the Mexican Stock Exchange for a total of 5,200 million Mexican pesos (260.7 million euros). The transaction, rated “AAA” by the agencies Fitch and HR Ratings, was registered on November 11 and has aroused great interest among investors, receiving purchase orders 40% higher than the offer (1.4x).
Aldesa, a reference shareholder of CAS, has been responsible for the operation and maintenance of the Tuxtla Gutiérrez-San Cristóbal (46.5 km) and Arriaga-Ocozocoautla (93 km) toll highways in the State of Chiapas since 2007. These are two of the main roads for the structuring of the territory on which, in 2021 alone, more than 11.6 million tolls were recorded. The extension of the concession period by an additional 20 years (until 2057), instead of the initial 30 years, has led to this operation, the funds of which will be used mainly to adapt the original concession to the new cash flow generation scheme.
Greenberg Traurig acted as legal advisor while Banco Santander participated as the intermediary, structuring and placement agent in the establishment of the program and the issuance, with the firm of Mijares, Angoitia, Cortés y Fuentes as the legal representative of the placement intermediary. CIBanco and Monex acted as common representative and trustee, respectively.
First position in the GRESB 2022 Sustainability Index for road projects in Latin America
CAS recently took first place in Latin American road infrastructure projects, according to the GRESB 2022 Sustainability Index. With a score of 96 out of 100, it has achieved the “GRESB 5 Star” distinction, as well as ranking fourth worldwide in the transport projects category. This distinction reflects its desire to continue to develop its activity in a responsible manner, promoting projects that contribute to social welfare and care for the environment.