Mexico's Grupo Aeroportuário del Sureste said yesterday that its chairman and largest shareholder, Chico Pardo, has agreed to sell a chunk of the airport operator's capital to bus company Autobuses de Oriente (ADO).
Asur will sell 37,746,290 shares, or 13.6 percent of the airport operator's B shares, to ADO (Autobuses de Oriente).
Currently held by an investment unit called Inversiones y Técnicas Aeroportuárias (ITA), the BB shares, which represent 7.65 percent of Asur's total capital stock, will be sold to repay loans, according to a statement from Chico Pardo.
Asur, which operates the airport in the popular tourist resort of Cancun and eight other airports, reported a 64 percent jump in third-quarter profit, helped by rising passenger traffic.
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