Mexico divests remaining shares in Asur

Airline Industry Information, March 9, 2005

AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD

The government of Mexico has sold the remaining 11.09% stake it held in Asur, an airport operator, to complete the privatisation of the company.

The stake was reportedly sold for more than USD100m to about 3,200 investors in Mexico, with the demand for shares triple the number on offer, Reuters reported. Asur runs nine airports in southern Mexico, including one serving the resort Cancun.

According to Reuters, after the latest secondary offering 85% of Asur's stock is now owned by investors, with Inversiones Tecnicas Aeropuertarias (ITA) holding 15%. The businessman Fernando Chico Pardo reportedly holds 63.5% of ITA and Denmark's Copenhagen Airports a 36.5% stake.

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