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ASUR to Buy Motiva’s CPC Stake for R$5 Billion, Adding 20 Airports

Closing is targeted for the first half of 2026 pending regulatory clearance.

Overview

  • ASUR’s agreement covers interests in 20 airports, including 17 in Brazil plus Quito, San José’s Juan Santamaría and Curaçao.
  • The equity purchase price is R$5 billion, with reported portfolio values of roughly R$11.5 billion to R$13.7 billion when net debt is included.
  • ASUR plans to fund the deal with a mix of internal resources and committed debt from JPMorgan, with J.P. Morgan Securities serving as exclusive financial advisor.
  • Part of the financing is secured by collateral that includes the Cancún airport, according to the company’s filing.
  • Motiva says the airports handle about 45–47 million passengers annually, operate more than 200 regular routes and move over half a million tons of cargo.