The group of investors led by TZA Capital decided to implement a strategy contrary to the general trend, opting to buy shares instead of selling them in the stock market. Their goal was to acquire as many shares of Aleatica, the holding company of toll road concessionaires previously known as OHL Mexico, anticipating a significant increase in its value in the short term.
This strategy proved to be successful, as a group of minority investors advised by TZA Capital managed to achieve a return of over 160% by selling their shares of Aleatica. The company had increased its book value per share from 24 to 92 pesos in July 2024, which supported the investment decision of the group advised by TZA Capital.
In a statement, TZA Capital announced that the National Banking and Securities Commission (CNBV) approved a Public Offer for Acquisition (OPA) for the delisting of Aleatica shares at a price of 96.63 pesos per share by a subsidiary of IFM Global Infrastructure Fund. It was highlighted that the majority of the remaining shares held by the public investor belonged to TZA Capital, which had acquired them at an average price of 37 pesos per share since the end of 2023.
The current value of Aleatica shares confirmed the investment thesis put forward by TZA Capital a year ago, reaching 96.63 pesos, the same price at which IFM committed to acquire the shares held by TZA Capital. This outcome supports the investment strategy of the group led by TZA Capital and demonstrates the success of their approach in the stock market.
