Grupo Aeroportuario del Pacifico Informs the Acquisition of 51.5% of the Shares Representing the Capital Stock of the Company “GWTC”

Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) has acquired 51.5% of Guadalajara World Trade Center (GWTC) for Ps. 875,504,411.57, aiming to enhance its cargo business and leverage nearshoring opportunities in the region [1][2]. Company Overview - GAP operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and has been publicly listed since February 2006 [9]. - In April 2015, GAP acquired a majority stake in MBJ Airports Limited, which operates Sangster International Airport in Jamaica, and entered into a concession agreement for Norman Manley International Airport in Kingston in October 2018 [9]. Acquisition Details - The acquisition of GWTC is expected to close and be paid by June 25, 2024, with the payment method yet to be determined [4]. - GWTC consists of seven companies specializing in handling, storage, and custody services for international cargo, operating in free trade zone facilities at Guadalajara and Puebla Airports [6]. Financial Performance - In 2023, GWTC generated revenues exceeding Ps. 1.0 billion, with an EBITDA margin of approximately 40% and no financial debt [8].