ASUR increases ownership interest in Aerostar to 60%, PSP Investments acquires 40% interest

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR) and the Public Sector Pension Investment Board (PSP Investments) have announced their collective acquisition of a 50% interest in Aerostar Airport Holdings LLC (Aerostar), the companies said.

They acquired the interest from funds managed by Oaktree Capital Management, L.P.

Aerostar has been the operator of the Luis Muñoz Marín International Airport in San Juan, Puerto Rico since February 27, 2013.

ASUR, already a 50% shareholder in Aerostar, acquired an additional 10%, consolidating its total interest to 60%, while PSP Investments acquired a 40% interest in Aerostar.

The transaction, representing a combined investment of USD 430m, has received all required regulatory approvals.

Following the finalizing of the acquisition, ASUR expects to consolidate Aerostar´s results into its financial statements.

ASUR 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, as well as a 60% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport in San Juan, Puerto Rico.

PSP Investments is a Canadian pension investment managers with CAD 125.8bn of net assets under management as at September 30, 2016. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt.

The firm manages net contributions to the pension funds of the federal Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York and London.

The Luis Muñoz Marín International Airport welcomes approximately 9 million passengers in 2016. It serves the capital of Puerto Rico, San Juan, and represents the island´s primary gateway for international and mainland-US destinations.