ASUR SIGNS DEAL TO ACQUIRE MOTIVA'S STAKE IN AIRPORT BUSINESS IN BRAZIL, ECUADOR, COSTA RICA AND CURAÇAO

Core Insights - Grupo Aeroportuario del Sureste (ASUR) has entered into a purchase agreement with Motiva to acquire Companhia de Participações em Concessões (CPC) for R$5,000 million (US$936 million), with an implied enterprise value of R$13,700 million (US$2,566 million) [1][2] Group 1: Acquisition Details - CPC owns equity interests in 20 airports across Brazil, Ecuador, Costa Rica, and Curaçao, including major airports such as Quito International Airport and Juan Santamaria International Airport [2][3] - The portfolio reported an EBITDA of R$2,000 million (US$375 million) for the twelve-month period ending September 30, 2025, and net financial debt of R$6,300 million (US$1,180 million) [2] Group 2: Strategic Implications - This acquisition will expand ASUR's presence into four new markets in Latin America and the Caribbean, adding over 45 million passengers to ASUR's existing 71 million reported in 2024, solidifying its position as the leading airport operator in the Americas [3] - Out of the 20 airports in CPC's portfolio, 17 have more than 15 years remaining in their concession life, indicating long-term revenue potential [3] Group 3: Transaction Logistics - The transaction is expected to close in the first half of 2026, subject to customary conditions, and will be funded through cash on hand and committed debt financing from JPMorgan Chase Bank [4] - J.P. Morgan Securities LLC is serving as the exclusive financial advisor for ASUR, with several legal advisors involved in the transaction [4]