Corporacion America eyes NYSE listing

Corporación América logoReuters has announced that Argentine billionaire Eduardo Eurnekian is considering listing his Corporacion America in a $1 billion listing on the New York Stock Exchange.

Corporacion America, a holding company for businesses ranging from infrastructure to technology, includes Aeropuertos Argentina 2000, which operates 33 airports around the country, including Buenos Aires’ main international airport, Ezeiza, as well as owning shares in some Brazilian airports.

In order to proceed with the listing, Eurnekian will need the permission of the Argentine government, which owns a 15% share of the company.

Eurnekian can now consider such a listing since the administration of Argentina’s new president, Mauricio Macri, reached an agreement with hedge funds suing the country over unpaid debt earlier this year, which allows for Argentina’s gradual reintegration into financial markets.

 

Travel Markets Insider © 2017