1998 Mexican airport system privatization — As part of the first stage of the Mexican government’s program to privatize the airport system, Grupo Aeroportuario del Centro Norte (GACN) was created to manage and operate thirteen airports.
The government began the process to sell 15% of the total shares through a public bidding process.
May 2000 — The strategic partner share package for GACN was awarded through a public bidding process to Operadora Mexicana de Aeropuertos, now called Servicios de Tecnologia Aeroportuaria (SETA), made up by Aéroports de Paris Management, VINCI, and Empresas ICA, through its subsidiary Aeroinvest S.A. de C.V.
June 2000 — The contract for the strategic partner in OMA was finalized. SETA became the owner of 15% of OMA, and the government continued to hold 85%.
September, 2000 — OMA began operating the 13 airports: Monterrey, Culiacán, Mazatlán, Torreón, Tampico, Reynosa, Acapulco, Durango, Ciudad Juárez, Chihuahua, San Luis Potosí, Zacatecas and Zihuatanejo.
December 2005 — In a series of transactions, Empresas ICA, acting through Aeroinvest, exercised an option to acquire 36% of the shares owned by the government, and also acquired VINCI’s share in the strategic partner SETA.
June 2006 — SETA exercised an option to acquire an additional 2% of OMA from the government.
November 2006 — OMA carried out an Initial Public Offering on the Mexican Stock Exchange and the NASDAQ Global Select Market, with the government selling all its remaining shares. This transaction completed the privatization process that the government began 9 years earlier.