Mexico City, Mexico, April 9, 2019 – In relation to: (i) the Engineering, Procurement and Construction Contract of the Atizapán – Atlacomulco High Specifications Toll-Road, in the State of Mexico (the “ATAT Toll-Road”), dated October 10, 2016, (the “EPC Contract”), entered into by and between Concesionaria AT-AT, S.A. de C.V. (“ATAT”), a subsidiary of Aleatica, S.A.B. de C.V. (“Aleatica” or the “Company”) (BMV: “ALEATIC”), and Constructora de Proyectos Viales de México, S.A. de C.V. (the “OHL’s Subsidiary”), a subsidiary of Obrascón Huarte Lain, S.A. (“OHL”); and (ii) the Relevant Event issued yesterday regarding the termination of the EPC Contract; Aleatica informs the market that:
Today ATAT is filing before the Centro de Arbitraje de México an arbitration against OHL’s Subsidiary, requesting that an arbitration tribunal confirm the material defaults by OHL’s Subsidiary under the EPC Contract and requesting that OHL’s Subsidiary indemnify ATAT for the damages and lost profits suffered by ATAT. The defaults of OHL’s Subsidiary, including the suspension of the relevant construction works, were duly documented.
In addition, yesterday, after the termination of the EPC Contract was notified to OHL’s Subsidiary, ATAT was notified of an arbitration filed by OHL’s Subsidiary in connection with the existing controversies between the parties of the EPC Contract.
Each of the pending arbitrations between ATAT and OHL´s Subsidiary is expected to proceed in accordance with the applicable legal procedure.
About Aleatica, S.A.B. de C.V.
Aleatica, S.A.B. de C.V. is positioned as a relevant transport infrastructure operator in the industry within the metropolitan area of Mexico City, both for the number of concessions awarded and the miles of highways under management. Currently, Aleatica, S.A.B. de C.V. builds, manages, operates and maintains 7 toll roads and one airport. The highway and related infrastructure concessions are located in urban areas with high vehicular traffic in Mexico City, Mexico State and the State of Puebla. In the airport sector, Aleatica participates in the integral management of the second largest airport serving the Mexico City metropolitan area. For more information visit our webpage www.aleatica.com.
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