Abertis completes sale of stake in Grupo aeroportuario del Pacifico gap

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Abertis completes sale of stake in Grupo aeroportuario del Pacifico gap

Abertis, through its fully owned subsidiary Desarrollo de Concesiones Aeroportuarias, has closed the disposal of its full stake (33.33%) in Aeropuertos Mexicanos del Pacífico (AMP) to its Mexican partner Controladora Mexicana de Aeropuertos (CMA).

The transaction has been closed for a net amount of US$222 million.

The deal is the almost final step in the process of divestment of the airport business, which started in 2013 with the sale of the UK Cardiff airport, and continued with the disposal of the UK Belfast International and Stockholm Skavsta, Sweden, airports, as well as the USA Orlando Sanford airport terminal concessions and TBI's airport management business in the USA.

In November, Abertis completed the sale of its stake in Luton airport (United Kingdom).

Abertis' stake in AMP goes back to 2007, when a pack of airport assets was acquired along with Desarrollo de Concesiones Aeroportuarias (DCA). Grupo Aeroportuario Del Pacífico operates 12 airports in the Pacific region of Mexico. Including the following airports:

  • Guadalajara and Tijuana serving the main metropolitan areas.
  • Mexicali, Hermosillo, Los Mochis, Aguascalientes, Guanajuato and Morelia, serving médium-size cities.
  • La Paz, Los Cabos, Puerto Vallarta and Manzanillo, serving main tourist destination.

Read more about the airport divestment process carried out by Abertis.

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