Grupo Aeroportuario Closes Desarrollo Acquisition

(RTTNews) - Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) on Monday said it has completed its transaction with Spanish company Abertis Airports S.A. for the acquisition of Spanish company Desarrollo de Concesiones Aeroportuarias, S.L. ("DCA").

The company said it concluded the agreement with Abertis for the acquisition of DCA by executing the legal documents and transferring a total payment of $ 190.8 million.

DCA has a 74.5% stake in MBJ Airports Limited ("MBJA"), the entity that operates Sangster International Airport ("MBJ") in Montego Bay in Jamaica. Vantage Airport Group Limited ("Vantage") holds the remaining 25.5%.

DCA also has a 14.77% stake in SCL Terminal Aéreo Santiago, S.A., which is the operator of the international terminal in Santiago, Chile until September 30, 2015.

For fiscal year 2015, Grupo Aeroportuario expects revenues to grow in the range of 31 to 34 percent.