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ASUR granted regulatory approval for acquisition of Colombian airport operator

Grupo Aeroportuario del Sureste (ASUR), the operator of Cancun Airport and eight other airports in southeast Mexico, has received regulatory approval regarding its acquisition of Colombian airport operator Airplan.

Airplan currently has concessions to operate Enrique Olaya Herrera Airport and José María Córdova International Airport in Medellín; Los Garzones Airport in Montería; Antonio Roldán Betancourt Airport in Carepa; El Caraño Airport in Quibdó; and Las Brujas Airport in Corozal.

Upon completion, which is expected by the end of October, ASUR will own approximately 92.42% of Airplan.

ASUR has not yet received regulatory approval to consummate its acquisition of fellow Colombian operator Aeropuertos de Oriente (Oriente). In light of the pending regulatory approvals for the acquisition of Oriente, the sellers and ASUR have agreed to negotiate 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 for Simón Bolivar International Airport in Santa Marta, Almirante Padilla Airport in Riohacha, Alfonso López Pumarejo Airport in Valledupar, Camilo Daza International Airport in Cúcuta, Palonegro International Airport in Bucaramanga and Yariguíes Airport in Barrancabermeja. If approved, ASUR will own approximately 97.26% of Oriente.

Written by Daniel Symonds

October 16, 2017


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