Transactions - APRIL 11, 2017

Asur acquires $262m majority stake in Colombian airport groups

by Jody Barhanovich

Mexican airport operator Grupo Aeroportuario del Sureste (Asur) has acquired the controlling interest in two Colombian airport groups in a $262 million deal. The acquisition consists of Colombia’s Airplan and Aeropuertos de Oriente entities.

Once the transaction is concluded, Asur will hold a 92.42 percent stake in Airplan and a 97.26 percent stake in Aeropuertos de Oriente. The two companies each have concessions to operate six airports in Colombian cities including Medellin, Cucuta, Bucaramanga, Santa Marta and Monteria.

The deal is subject to approval after agreements with the respective shareholders of Airplan and Oriente are approved.

Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico, and is also a 50 percent joint venture partner in Aerostar Airport Holdings, operator of the Luis Muñoz Marín International Airport in San Juan, Puerto Rico.

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