Manufacturing Industry
Mexican government to sell stake in Asur
Airline Industry Information, Feb 23, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
The Mexican government is reportedly preparing to sell its remaining stake in Cancun airport operator Grupo Aeroportuario del Sureste SA (Asur), worth more than USD100m at current market prices.
The government development bank, Nacional Financeria, plans to sell up to 33.3m class B shares of Asur, representing 11% of its equity, according to a prospectus published on the website of the Mexican Stock Exchange.
Asur will not receive any proceeds from the offering, tentatively set for March, the company said.
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