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Overview
- Deal values the platform at R$11.5 billion, with R$5 billion in cash for equity and R$6.5 billion in net debt to be assumed by Asur, payable in full at closing targeted for 2026.
- Completion depends on approvals from aviation and antitrust authorities in Brazil and abroad as well as consents from creditors.
- Motiva projects net debt to fall from R$33.7 billion to about R$23.2 billion and leverage to drop from 3.5x EBITDA to below 3x after closing, bolstering capacity to bid in upcoming concessions.
- The portfolio spans 20 terminals, including 17 in Brazil such as Confins, Pampulha, Curitiba and Foz do Iguaçu, plus assets in Curaçao, Quito and Costa Rica.
- The transaction follows a competitive process and was priced at roughly 8.8x EV/EBITDA, expanding Asur’s Latin American footprint beyond hubs such as Cancún.