Abertis subsidiary offloads AMP stake

By
Friday, December 12, 2014

Controladora Mexicana de Aeropuertos (CMA), a strategic partner of Mexican airport operator GAP's holding company, Aeropuertos Mexicanos del Pacífico (AMP), has upped its stake in AMP to 66.66% through a stock purchase and sale agreement.

CMA acquired the interest from Latin American airport operator Desarrollo de Concesiones Aeroportuarias, a subsidiary of Spanish infrastructure and concession group Abertis, which transferred their total shares in AMP, GAP said in a statement.

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As a result of the transaction, three members of GAP's board of directors, listed as proprietary and alternate members, tendered their resignations.

The other 33.33% stake is held by Spanish state-owned airport operator Aena.

Mexican conglomerate Grupo México, which holds a 25% stake in GAP, has been seeking a controlling interest in GAP for several years, making numerous hostile takeover attempts.