Delta Air Lines bought 32% from Aeromexico
At the auction, Delta Air Lines bought 32% from Aeromexico for 620 million dollars.
Delta Air Lines bought 32% from Aeromexico for 620 million dollars. In a bid, Delta purchased the 228 million-share package at the price of $ 2.71 / share. Thus, Delta came to own 36.2% of the Mexican carrier.
Delta Air Lines owns 36.2% of Aeromexico
At the same time, Delta has options to purchase another 12,8% stake in Aeromexico shares, so it could reach 49%.
Delta has expressed its intention to buy 49% from Aeromexico from 2015. In 2016, the 2 companies received approval for a joint venture (JV).