The Argentine government has acquired a 15% stake of airport concessionaire Aeropuertos Argentina 2000 (AA2000).
The government decided to exercise the call option it has had since March 2008, by converting 158mn pesos (US$36.8mn) worth of bonds (obligaciones negociables convertibles), the concessionaire said in a filing with the Buenos Aires stock exchange.
The company issued some 38.8mn new common shares, equivalent to 15% of the total capital with voting rights.
AA2000 operates in 33 of the country's airports, with concessions expiring in 2028, local daily Clarín reported. The company is controlled by Corporación América, with 84%. Local construction firm Constructora Riva owns 1%.