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Mexican airport operator Grupo Aeroportuario del Centro Norte files for IPO

November 15, 2006

Grupo Aeroportuario del Centro Norte, which operates 13 airports across Mexico, filed for an IPO on Wednesday. The company plans to offer 10.7 million ADSs at a range of $14.50-$16.50, giving the deal a proposed market cap of $661 million. Citigroup will manage the deal and has yet to announce timing.