This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ASUR Announces Participation In Bidding For Brazilian Airports

MEXICO CITY, Feb. 2, 2012 /PRNewswire/ --  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 Cancun Airport and eight others in the southeast of Mexico, today announced that it and Advent International have made a joint bid to participate in the bidding process for concessions for three Brazilian airports.  Advent and ASUR delivered their joint bid to the Brazilian Agencia Nacional de Aviacao Civil (National Civil Aviation Agency, or "ANAC") today.

Pursuant to the process established by ANAC, the bidding is for a concession to expand, maintain and operate the Brasilia, Guarulhos and Campinas airports.  Although bidding groups may deliver bids for more than one airport, a bidding group may only be awarded the concession for one airport. ANAC will evaluate bids based on compliance with certain technical criteria and the confession fee offered by each bidding group. 

The winning bidding group for each airport will be required to form a joint venture with Empresa Brasileira de Infraestructura Aeroportuaria (Infraero) in which the winning bidding group would be the majority shareholder and Infraero would be the minority shareholder.  The joint venture company, in turn, would hold the concession for the relevant airport, which will require the joint venture company to maintain, operate and expand the airport. The terms of the concessions are expected to be 25 years for the Brasilia airport, 20 years for Guarulhos and 30 years for Campinas. The winning bidders for each airport will be required, among other conditions, to maintain a minimum amount of equity in the joint venture company holding the concession, and to pay the concession fee in annual installments during the term of the concession.

ANAC has indicated that it will announce the identities of the bidding groups, and on February 6, it will unseal and publicly announce the concession fees offered by each bidding group.  The three bidding groups that have offered the highest concession fees for each airport will then participate in a live public auction for that airport.  On February 7, ANAC will announce the bidding group that has offered the highest concession fee for each airport.  Subsequently, ANAC will confirm whether those bidding groups have complied with the technical criteria.  The bidding groups offering the highest concession fee that meet the technical criteria will be announced as the winners of the concessions.

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 Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. The Company is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs