Asur Leads US$925 Million Bid for Motiva’s Airports

Grupo Aeroportuario del Sureste (Asur) has emerged as the leading bidder in the sale of Motiva Infraestrutura de Mobilidade’s airport portfolio, according to sources familiar with the negotiations cited by Reuters. The offer values the assets at about US$925 million, excluding debt, positioning Asur ahead of other contenders, including Spain’s Aena and Argentina’s Corporación América Aeropuertos (CAAP).

The transaction involves 17 Brazilian airports operated by Motiva, along with international terminals in Quito, Ecuador; San Jose, Costa Rica; and Curaçao. Motiva, formerly known as CCR, announced in May that it had begun the divestment process to focus on its core business of highway concessions. “The group expects to announce the sale of these assets before the end of 2025,” said Miguel Setas, CEO, Motiva, during a third-quarter earnings call.

According to one of the sources, Asur’s bid leads the competition. Asur’s network served about 45 million passengers in 2024, according to its latest annual report. Aena and Motiva declined to comment on the ongoing process, while Asur and CAAP did not respond to requests for comment.

Motiva operates a diversified portfolio that includes highways, airports, and passenger transport systems such as metro lines, railways, light rail, and ferries. The company reported a 15% increase in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for its airport business, reaching US$169 million during the first nine months of 2025.

Asur is an international airport operator with concessions to manage, operate, and develop 16 airports across the Americas. The company runs nine airports in southeast Mexico, including Cancún International Airport, the country’s main tourist hub and one of the busiest in Latin America and the Caribbean. 

Industry observers note that Asur’s bid for Motiva’s assets aligns with its regional expansion strategy, following increased competition for transport infrastructure across Latin America. If finalized, the acquisition would strengthen Asur’s position as one of the region’s main private airport operators, expanding its presence beyond Mexico and the Caribbean and integrating new strategic markets across South and Central America.