Contacts:
ASUR
Lic. Adolfo Castro (52) 55-5284-0408 acastro@asur.com.mx
Breakstone Group Susan Borinelli (646) 330-5907
sborinelli@breakstone-group.com
Fernando Chico Pardo Agrees to Sell 49% of ITA (Strategic
Partner of ASUR) and 37,746,290 Class B Common Shares of
ASUR; Chico Pardo to Remain Chairman of the Board of ASUR and
Retain 51% of ITA
México D.F. November 8, 2011. Grupo Aeroportuario del
Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) ("ASUR"), the
first privatized airport group in Mexico and operator of
Cancún Airport and eight other airports in southeast Mexico,
today announced that it was notified by Fernando Chico Pardo
("FCP"), shareholder of ASUR and chairman of ASUR's board of
directors that he has signed an agreement to sell 49% of the
shares of Inversiones y Técnicas Aeroportuarias, S.A. de C.V.
("ITA") and 37,746,290 of his Class B shares of ASUR (the
"Transaction") to Grupo ADO, S.A. de C.V. ("ADO"). The shares
of ITA that are being sold to ADO are the "investor" class
shares of ITA. FCP will use the proceeds of the Transaction
to repay financings previously incurred by him.
ITA is ASUR's strategic shareholder and holds 22,950,000 of
ASUR's Class BB shares, representing approximately 7.65% of
ASUR's capital stock. In addition, ASUR and ITA have entered
into a technical assistance agreement (the "Technical
Assistance Agreement") pursuant to which ASUR has a perpetual
and exclusive license in Mexico to use all technical
assistance and "know-how" transferred to it by ITA or its
stockholders during the term of the agreement.
The Transaction is subject to, among other conditions,
approval of the Federal Competition Commission (Comisión
Federal de Competencia). Once the Transaction has been
consummated, FCP will remain the owner of 51% of ITA and
37,746,297 Class B Shares, or 12.58% of ASUR's capital stock.
The Technical Assistance Agreement will continue in force
following consummation of the Transaction.
About ADO:
ADO is a Mexican bus transportation company founded more than
70 years ago and transports approximately 160,000,000
passengers annually. ADO has approximately 20,000 employees
and offers scheduled passenger, tourist, urban and personal
transportation. ADO offers broad experience in the management
of passenger terminals, transport logistics, tourism and
commercial operations.
About ASUR:
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a
Mexican airport operator with concessions to operate,
maintain and develop the airports of Cancún, Mérida, Cozumel,
Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and
Minatitlán in the southeast of México. The Company is listed
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both on the NYSE in the U.S., where it trades under the
symbol ASR, and on the Mexican Bolsa, where it trades under
the symbol ASUR. One ADS represents ten (10) series B
shares.
Some of the statements contained in this press release
discuss future expectations or state other forward-looking
information. Those statements are subject to risks identified
in this press release and in ASUR's filings with the SEC.
Actual developments could differ significantly from those
contemplated in these forward-looking statements. The
forward-looking information is based on various factors and
was derived using numerous assumptions. Our forward- looking
statements speak only as of the date they are made and,
except as may be required by applicable law, we do not have
an obligation to update or revise them, whether as a result
of new information, future or otherwise.
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