Grupo Aeroportuario del Pacífico to Acquire Spanish Company DCA

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. today announced that, as the result of a competitive bidding process, GAP has been selected and has reached an agreement with the Spanish entity, Abertis Airports, S.A., for the acquisition of its 100 percent stake in Spanish company Desarrollo de Concesiones Aeroportuarias, S.L., for US$ 190.8 million.
DCA, held in its totality by Abertis, itself holds a 74.5 percent stake in Jamaican company MBJ Airports Limited, as well as a 14.77 percent stake in the Chilean company SCL Terminal Aéreo Santiago, S.A. The Transaction is expected to close on Monday, April 20, 2015.
Once the transaction has been formalized, the Company will announce its details to the market. This transaction will represent an important milestone in the life of GAP, incorporating valuable assets while strengthening and geographically diversifying the Company’s portfolio towards the Caribbean, as well as its future growth potential.
Until November 19, 2014, DCA held a 33.33 percent stake in Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V., GAP’s strategic partner. As a result, at this time, neither DCA nor Abertis are related parties to GAP.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”.