ASUR provides update on Colombian acquisition

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Grupo Aeroportuario del Sureste, S.A.B. de C.V., the first privatized airport group in Mexico and operator of Cancun Airport and eight other airports in southeast Mexico, as well as a JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muรฑoz Marรญn International Airport in San Juan, today announced that it has received regulatory approval to consummate its acquisition of Airplan, S.A.

Airplan has concessions to operate the following airports in Colombia: the Enrique Olaya Herrera Airport and Josรฉ Marรญa Cรณrdova International Airport in Medellรญn, the Los Garzones Airport in Monterรญa, the Antonio Roldรกn Betancourt Airport in Carepa, the El Caraรฑo Airport in Quibdรณ and the Las Brujas Airport in Corozal. Following consummation of the acquisition, ASUR will own approximately 92.42% of the capital stock of Airplan. The consummation of the Airplan acquisition is expected by the end of October.

ASUR has not yet received regulatory approval to consummate its acquisition of Aeropuertos de Oriente S.A.S. (Oriente). In light of the pending regulatory approvals for the acquisition of Oriente, the sellers and ASUR have agreed to negotiate in good faith an adjustment to the purchase price and the terms and conditions of their acquisition agreement, and to use commercially reasonable efforts to obtain the relevant regulatory approvals.

Oriente has concessions to operate the following airports in Colombia: the Simรณn Bolivar International Airport in Santa Marta, the Almirante Padilla Airport in Riohacha, the Alfonso Lรณpez Pumarejo Airport in Valledupar, the Camilo Daza International Airport in Cรบcuta, the Palonegro International Airport in Bucaramanga and the Yariguรญes Airport in Barrancabermeja. If the Oriente acquisition is consummated, ASUR will own approximately 97.26% of the capital stock of Oriente.

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Chief Assignment editor is Oleg Siziakov

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