Quito International Airport.
Mexican airport operator Grupo Aeroportuario del Sureste (ASUR) has agreed to acquire Motiva Infraestrutura de Mobilidade’s airport holding company in a deal that will add stakes in 20 airports across Brazil, Ecuador, Costa Rica and Curacao.
ASUR will pay 5 billion reais ($936 million) in equity value for Companhia de Participacoes em Concessoes (CPC), with the deal carrying an implied enterprise value of 13.7 billion reais including debt.
The assets include stakes in three major international gateways—Quito International Airport, San Jose’s Juan Santamaria International Airport and Curacao International Airport—alongside 17 airports in Brazil, including Belo Horizonte’s Confins International Airport. Seventeen of the 20 airports in CPC’s portfolio have more than 15 years remaining on their concessions.
“The acquisition represents a stepping stone in ASUR’s expansion strategy in the region, adding four new markets in Latin America and the Caribbean, including Latin America’s largest aviation market by passengers, Brazil,” ASUR said in a statement.
The company expects the new portfolio to add more than 45 million passengers to its existing 71 million handled in 2024, expanding its scale beyond Mexico, Colombia and Puerto Rico. ASUR’s current portfolio includes airports in Cancun, Cozumel and Merida in Mexico and Medellin in Colombia.
For Motiva, the divestment marks a shift toward its core road and rail infrastructure businesses. It said the move would “[enable] the unlocking of value and simplification of its portfolio.”
The deal remains subject to regulatory approvals in Brazil and multiple foreign jurisdictions, including civil aviation and antitrust reviews. ASUR expects closing in the first half of 2026. Once completed, it will give the group a presence in six countries.
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