Abertis sells its stake in grupo aeroportuario Del Pacifico Gap

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Abertis sells its stake in grupo aeroportuario Del Pacifico Gap

Abertis, through its fully owned subsidiary Desarrollo de Concesiones Aeroportuarias, has reached a binding agreement with Promotora Aeronáutica del Pacífico, S.A. for the disposal of its full stake (33.33%) in Aeropuertos Mexicanos del Pacífico (AMP) for a net amount of $222 million (€172 Mn).

AMP owns a 17.41% stake in the company Grupo Aeroportuario del Pacífico (GAP), therefore, Abertis will no longer hold any Mexican airport asset at the closing of such transaction.

The deal, which is subjected to the approval of Competition authorities, is the almost final step in the process of divestment of the airport business, in which the last remaining asset is MBJ, concessionary of the Montego Bay Airport, Jamaica.

Airport assets are currently classified as held for the sale, as accorded with the already communicated intention of Abertis to proceed in the divestment in this business area. Including this deal, accumulated net book gains generated from the disposal of airport division amount to €10 million.

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 divestment process carried out by Abertis.

List of country news

Country news

  • September 30, 2014

    Mota Engil-led consortium wins highway concession in Mexico

    Mexico's transport and communications ministry (STC) has awarded the Tuxpan-Tampico highway concession in Veracruz state to a Mota Engil-led consortium. Read more
  • October 02, 2014

    OHL Mexico's CFO leaves the firm

    OHL Mexico, one of the country's leading transport infrastructure operators, has announced that the company Chief financial officer (CFO), Rafael Lira Oaxaca, is  leaving the firm. Read more
  • October 06, 2014

    Mexico's Banorte to create energy and infrastructure investment funds

    Mexico's Banorte has announced plans to create two investment funds focused on energy and infrastructure. The bank said last week that the funds will have around $500 million each and they will invest in new infrastructure and energy projects. Read more
  • October 09, 2014

    ICA-led consortium signs water aqueduct PPP project

    The water and wastewater utility company of the City of Monterrey, Mexico, and a consortium composed by Empresas ICA's subsidiary Controladora de Operaciones de Infraestructura (CONOISA), RECSA and Grupo HIGA have signed the Monterrey VI aqueduct PPP project. Read more
  • October 16, 2014

    IFC considers re-financing Manzanillo port terminal

    The International Finance Corporation (IFC) is considering re-financing Contecon Manzanillo, SA de CV (CMSA), the firm that owns the specialized container terminal concession at the Port of Manzanillo in Colima, Mexico. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.