Does Aeroméxico say goodbye to the Mexican stock market?

Aeromexico Groupwhich operates the country’s main airline, said on Friday that it will propose at an extraordinary shareholders’ meeting cancel registration and delist your shares from the Mexican stock marketarguing that it is part of its agreements with creditors in its recent restructuring.

The meeting will be held on June 27, just over three months after Grupo Aeroméxico AEROMEX.MX announced that it had concluded its restructuring process under Chapter 11 of US law.

In a statement, the company reported that as part of the plan it is also required to submit by the end of the year “a simple statement of potential record of your actions” before the United States Securities Commission, something that has not yet happened, he clarified.

The measure would make Aeroméxico the last to leave the stock market, joining other companies such as the dairy corporation Lala Grouptelecommunications firm Maxcom and paper producer Bio Pappel, which recently delisted or announced plans to do so.

Nearly 150 companies are listed on Mexico’s main stock exchange. Of those, seven have now announced plans to exit the market, including Aeroméxico. A company last went public in 2017.

With information from Reuters

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