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ASUR acquires a shareholding interest in US$936 million 20 airports in Brazil, Ecuador, Curacao and Costa Rica.
Southeast Airport Group (ASSYRIAN) y Motivates Mobility Infrastructure (Motivates) announced today that they have reached a definitive purchase and sale agreement. According to the agreed terms, ASUR will acquire all of the issued and outstanding shares of Companhia de Participações em Concessões (CPC), a wholly owned subsidiary of Motivates. The transaction was closed for a purchase price of R$5,000 million (ca.. US$936 million), which implies a total enterprise value of R$13.7 billion (ca.. US$2,566 million).
ASUR acquires 20 Motiva airports and consolidates itself as a leading operator in the Americas
This operation gives ASUR control over an important portfolio of 20 concessioned airports distributed in Brazil, Ecuador, Costa Rica and Curacao. Notable assets include Quito International Airport, the international airport Juan Santamaría in San José, the Curacao International Airport and Confins International Airport in Brazil, together with the Pampulha airport and the Bloco Sul and Bloco Central airport groups in said country. In financial terms, This portfolio reported an EBITDA of R$2,000 million (US$375 million) for the twelve month period ending on 30 September 2025 on a basis of 100% (and R$1,300 million proportional to CPC's participation), with a net financial debt of R$6.3 billion (US$1.18 billion).
The acquisition represents a decisive step in ASUR's regional expansion strategy, by incorporating four new markets in Latin America and the Caribbean, including Brazil, the largest aviation market in the region by passenger volume. This purchase will add up to more than 45 millions of passengers 71 million that ASUR reported in 2024, consolidating the company as the leading airport operator in the Americas, adding to its current presence in Mexico, Colombia and Puerto Rico. What's more, asset profile is robust over the long term, given that 17 of the 20 airports have more than 15 remaining years on their concessions.
The closing of the transaction is expected to occur during the first half of 2026, subject to customary conditions precedent. To finance the operation, ASUR will use cash on hand and committed debt financing provided by JPMorgan Chase Bank, N.A. In the field of consulting, J.P. Morgan Securities LLC acts as exclusive financial advisor, while firms like BMA Advogados, CorralRosales, Deloitte and others act as legal advisors.
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