Asur to acquire interest in CPC from Motiva for $936M

Grupo Aeroportuario del Sureste, or ASUR (ASR), and Motiva Infraestrutura de Mobilidade announced that ASUR has entered into a purchase agreement with Motiva to acquire all of the issued and outstanding equity interest of Companhia de Participacoes em Concessoes, or CPC, a wholly owned subsidiary of Motiva, for a purchase price of $936M, with an implied enterprise value $2,566M. The portfolio reported EBITDA for the twelve-month period ending September 30 on an 100% basis, of $375M. The acquisition represents a stepping stone in ASUR’s expansion strategy in the region adding 4 new markets in Latin America and the Caribbean, including Latin America’s largest aviation market by passengers, Brazil, to ASUR’s existing presence in Mexico, Colombia and Puerto Rico. The closing of the transaction, which is expected to occur during the first half of 2026, is subject to customary conditions precedent. ASUR expects to fund the transaction with cash on hand and committed debt financing provided by JPMorgan Chase Bank. J.P. Morgan Securities is serving as exclusive financial advisor and BMA Advogados, CorralRosales, Deloitte, De Cuba Ormel Noordhuizen and Brown Lawyers are serving as legal advisors to ASUR.