MEXICO CITY, June 22 /PRNewswire-FirstCall/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) ("ASUR"), today announced that it learned today that Copenhagen Airports A/S ("CPH") entered into an agreement to sell its 49% aggregate interest in the Mexican company Inversiones y Tecnicas Aeroportuarias, S.A. de C.V. ("ITA") to CPH's local Mexican business partner and ASUR's CEO and Chairman, Fernando Chico Pardo.
ITA is ASUR's strategic shareholder and holds 22,950,000 of ASUR's Class BB shares, representing approximately 7.65% of ASUR's capital stock. In addition, ASUR and ITA have entered into a technical assistance agreement (the "Technical Assistance Agreement") pursuant to which ASUR has a perpetual and exclusive license in Mexico to use all technical assistance and "know-how" transferred to it by ITA or its stockholders during the term of the agreement.
Consummation of CPH's sale of its stake in ITA to Fernando Chico Pardo is conditioned upon, among other things, approval by the authorities. If the sale is completed, CPH will no longer hold any interest in ITA, however, the Technical Assistance Agreement will continue in force until its scheduled termination.
Grupo Aeroportuario del Sureste, S.A.B. de C.V. ("ASUR") is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. The Company is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares.
SOURCE Grupo Aeroportuario del Sureste, S.A.B. de C.V.