Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), 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 MuÃ±oz MarÃn International Airport in San Juan, has announced that it has received regulatory approval to consummate its acquisition of Airplan, S.A., the company said.
Airplan has concessions to operate the following airports in Colombia: the Enrique Olaya Herrera Airport and JosÃ© MarÃa CÃ³rdova International Airport in MedellÃn, the Los Garzones Airport in MonterÃa, the Antonio RoldÃ¡n Betancourt Airport in Carepa, the El CaraÃ±o Airport in QuibdÃ³ 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 SimÃ³n Bolivar International Airport in Santa Marta, the Almirante Padilla Airport in Riohacha, the Alfonso LÃ³pez Pumarejo Airport in Valledupar, the Camilo Daza International Airport in CÃºcuta, the Palonegro International Airport in Bucaramanga and the YariguÃes Airport in Barrancabermeja. If the Oriente acquisition is consummated, ASUR will own approximately 97.26% of the capital stock of Oriente.
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (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 MuÃ±oz MarÃn International Airport in San Juan, Puerto Rico. The company is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the US, where it trades under the symbol ASR. One ADS represents ten (10) series B shares. For more information, visit www.asur.com.mx