Copenhagen Airports A/S realizes its investment in ITA

Announcement no. 11/2010 

13.10.2010

Copenhagen, 13 October 2010

 

As stated in announcement no. 5/2010, Copenhagen Airports A/S ("CPH") signed an
agreement on 22 June 2010 to sell its 49% aggregate investment in the Mexican
airport company Inversiones y Técnicas Aeroportuarias, S.A. de C.V. ("ITA") to
CPH's local Mexican partner, Fernando Chico Pardo.

The divestment was subject to a number of conditions, including:

  • approval of the purchase agreement by the Mexican Ministry of Communications and Transport
  • approval of the purchase agreement by the Mexican competition authorities

All conditions have now been fulfilled and the divestment was closed today.

The divestment will affect profit for the year before tax by DKK 274.4 million,
which is lower than expected due to the development in the USD exchange rate.
The profit has been calculated based on the Danish central bank's official
exchange rate as of today. The current Technical Service Agreement will be
continued until the end of 2010.

About ITA
In its capacity as strategic partner to Grupo Aeropuertos del Sureste, S.A.B.
de C.V. ("ASUR"), ITA practices active ownership through a shareholders'
agreement and a consulting agreement. The consulting agreement covers
consulting services in all important business areas in ASUR.

About Fernando Chico Pardo
Fernando Chico Pardo is the Chairman and acting CEO of ASUR. Fernando Chico
Pardo is the founder and CEO of Promecap, S.C. and a board member of a number
of companies.

 

Attachments:

Read announcement

2010 10 13 ita divestment stock announcement.pdf