MEXICO. MAp Airports has sold its 16% stake in Mexican airports group Grupo Aeroportuario del Sureste (ASUR). MAp said it expected to exit its investment shortly for US$207 million following a public offering of its shares. Completion is expected shortly.
MAp Chief Executive Kerrie Mather said “Having determined that we will not be able to bring our active management model to bear, MAp took steps to exit the investment in ASUR as soon as practically possible whilst optimising proceeds.”
JP Morgan and Macquarie Capital are acting as joint-book running managers for the offering.
ASUR operates nine airports in the southeast of Mexico including the key regional gateway of Cancún International, where Aldeasa is the duty free retailer.
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