Following the finalizing of the acquisition, ASUR expects to consolidate Aerostar’s results into its financial statements.
“We are extremely pleased to increase our participation in San Juan Airport,” said Adolfo Castro Rivas, Chief Executive Officer of ASUR. “ASUR is committed to continuing to offer world-class service to all of its customers. We look forward to working closely with AviAlliance to provide further enhancements to operations and customer service, to benefit LLM´s passengers for the long term.”
“This acquisition is an excellent fit with PSP Investments’ long-term investment philosophy and leverages the capabilities of AviAlliance, our airport platform,” said Patrick Charbonneau, Managing Director, Infrastructure Investments, PSP Investments. “We look forward to complementing ASUR’s expertise with that of AviAlliance, to develop a constructive and lasting partnership dedicated to delivering best-in-class operations at San Juan Airport.”
“Our goal is to strengthen the operational quality and service level of the San Juan Airport, further supporting the continued economic development and potential of the San Juan area,” said Holger Linkweiler, Managing Director, AviAlliance.
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 Muñoz Marín 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 U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares. For more information, visit www.asur.com.mx
About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investment managers with C$125.8 billion 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. Established in 1999, PSP Investments 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. For more information, visit investpsp.com or follow Twitter @InvestPSP.
AviAlliance is one of the world’s leading private industrial airport platforms with a portfolio composed of shareholdings in 4 European airports: Athens, Budapest, Düsseldorf and Hamburg airports. In 2016, these airports handled 71.2 million passengers. In 2013, PSP Investments completed the acquisition of HOCHTIEF AirPort, which was rebranded as AviAlliance shortly following the transaction. Additional information is available online at www.avialliance.com
About the San Juan Airport
The Luis Muñoz Marín International Airport is the largest and busiest airport in the Caribbean, welcoming 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. The San Juan Airport was the first, and is currently the only, major airport in the US to have successfully completed a public–private partnership under the FAA Pilot Program. In 2013, Aerostar was granted a 40-year long-term lease agreement to operate the Luis Muñoz Marín International Airport, expiring in 2053.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/asur-and-psp-investments-acquire-50-stake-in-aerostar-operator-of-san-juan-airport-300465246.html
SOURCE Grupo Aeroportuario del Sureste S.A.B. de C.V.