The Barcelona-based Abertis company has exited the international airports business entirely after selling its two airport shareholdings in Montego Bay and Santiago de Chile for $191m.

 

Abertis has confirmed that it has sold its Desarollo de Concesiones Aeroportuarias (DCA) holding company which technically owned the two airport shareholdings to Grupo Aeroportuario del Pacifico (GAP), making a €40m ($43m) book value gain on the sale which is due to be completed today.

 

 

TWO-YEAR PROCESS OF DIVESTMENT

The change of ownership will give GAP ownership of the 74.5% stake previously held by DCA in MBJ, the concessionaire of Montego Bay Airport, Jamaica, plus a 14.77% stake in SCL, which operates Santiago de Chile Airport.

 

This process of divestment of all of Abertis’ airports’ interests has been consistent, beginning with the 2013 sale of both Cardiff and Belfast airports in the UK, Stockholm Skavsta in Sweden, plus Orlando Sanford in Florida, USA).

 

 

GAP HAS BECOME STRONG PLAYER

This was capped by the November 2013 sale of Abertis’ stake in Luton Airport in the UK, plus last December’s sale of its stake in GAP (Grupo Aeroportuario del Pacífico) which operates 12 airports in Mexico.

 

Grupo Aeroportuario del Pacífico operates its Mexican airports in the Pacific region of the country. They currently include: Guadalajara and Tijuana the main metropolitan areas and Mexicali, Hermosillo, Los Mochis, Aguascalientes, Guanajuato and Morelia, serving medium-size cities. In addition, La Paz, Los Cabos, Puerto Vallarta and Manzanillo serve the main tourist destinations.