LATIN AMERICA. Grupo Aeroportuario del Sureste (ASUR) has agreed to acquire Motiva Infraestrutura de Mobilidade’s full equity interest in Companhia de Participações em Concessões (CPC) for R$5 billion (US$936 million). The deal has an enterprise value of R$13.7 billion (US$2.57 billion).
CPC holds stakes in 20 airports across Brazil, Ecuador, Costa Rica and Curaçao, including major regional hubs such as Quito International (Ecuador), Juan Santamaría International (Costa Rica), Curaçao International and Confins International in Brazil.
The portfolio also includes Pampulha, Bloco Sul and Bloco Central airports in Brazil.
According to reports, ASUR beat Spanish airports operator Aena – which has substantial airport assets in Brazil, including São Paulo Guarulhos International Airport – to the deal.
ASUR claimed the agreement with CPC positions it as the largest airport operator in the Americas, noting that the move marks a major expansion step, adding four new markets to its existing operations in Mexico, Colombia and Puerto Rico.
For the 12 months to 30 September 2025, the CPC assets delivered EBITDA of R$2 billion (US$375 million) on a 100% basis, and R$1.3 billion (US$243 million) on CPC’s proportionate basis.
Net financial debt stood at R$6.3 billion (US$1.18 billion).
The acquisition will add over 45 million passengers to ASUR’s 2024 base of 71 million. Seventeen of the 20 airport concessions the company holds have more than 15 years remaining.
The transaction is expected to close in the first half of 2026, subject to customary approvals.
ASUR will fund the acquisition with cash on hand and committed debt financing from JPMorgan Chase Bank. J.P. Morgan Securities is acting as exclusive financial advisor. ✈
