MEXICO CITY (El Universal).— The shares of Club América, one of the most emblematic institutions of Mexican soccer, debuted yesterday on the Mexican Stock Exchange, shooting up its value by almost 160%.
The titles began the trading day with a unit value of 11.50 pesos and — arriving at noon — were quoted above 33, to close at 29.53 pesos, an advance of 156.8%, according to information from the Mexican stock market.
The company responsible for the operation is Ollamani, an entity created by Grupo Televisa with the specific purpose of bringing Club América and the Azteca Stadium to the stock market.
Ollamani, in addition to controlling the operations of the club and the Coloso de Santa Úrsula, manages the businesses of the Play City casinos and publishing, with publications such as TVyNovelas, Vanidades, Caras, Cocina Fácil, Tú and Soccermanía.
Being a spin-off of a company that is already listed, it did not carry out a public offering and limited itself to putting into circulation ordinary participation certificates (CPOs), with the ticker symbol “ÁGUILAS”.
The demerger of América, by the television station, was approved in April 2022 by the Extraordinary General Assembly of Shareholders of Televisa, and was expected to take effect with the club’s debut on the BMV, which was scheduled for February of this year. .
The Águilas del América are the first soccer team to reach the local stock market and join the group of clubs that play in the stock markets, such as Manchester United and Juventus.
For its part, Grupo Televisa’s share price reported an advance of 2.39%.
#Eagles #fly #high #Stock #Market
2024-04-11 21:36:45
