Overview
- The offer priced at 45 pesos per share below the 50–72 peso range, with the stock touching about 50 pesos intraday before closing at 46.03 pesos.
- Reported proceeds vary by outlet between 10,080 million and 11,592 million pesos due to differing counts of primary and secondary tranches.
- The deal comprised a 186 million-share primary of about 8,370 million pesos for expansion, modernization, capacity increases and partial debt repayment, plus a 71.6 million-share secondary near 3,222 million pesos.
- An overallotment of 33.6 million shares remains available and could lower Partners Group’s stake from roughly 55% to about 47% if fully exercised.
- Expansión reported 1.5x oversubscription with 41% placed in Mexico and 59% internationally, as investors backed an operator whose Wahalajara system supplies around 16% of Mexico’s daily gas demand.