Grupo Aeroportuario del Centro Norte (OMA) is an airport operator in Mexico. It is also a subsidiary of debt-laden construction company ICA. On Monday, the company restored a trimmed version of a stock offering. Last June, the said offering was postponed due to market volatility.

OMA planned to resell up to 69 million shares. This was lower compared to the last offered shares that were up to 95 million according to a filing with the Mexico Stock Exchange.

The initial offering was expected to raise US$375 million for ICA. This was based on the offering price of US$3.95 per share piece. This was stated in the original prospectus submitted before regulators last May.

ICA has a number of pending project that run slow. The company looked to raise cash for debt repayment and improvement in its cash position. Details were not disclosed as to the timing and expected pricing of the re-launched offer in the statement.