ASUR Pursues US$2.1 Billion Motiva Airport Acquisition

Grupo Aeroportuario del Sureste (ASUR)  is expanding its Latin American footprint with a planned acquisition of Motiva’s airport portfolio, valued at US$2.16 billion including net debt. ASUR will pay US$936 million for Motiva’s equity stake, with the remainder tied to debt obligations disclosed in filings with Brazilian financial authorities. The transaction remains subject to antitrust and regulatory approvals.

The deal covers Motiva’s full participation in CPC Holding, which oversees concessions for 20 airports—17 in Brazil and three international hubs in Quito (Ecuador), San Jose (Costa Rica) and Curaçao. According to Motiva, these assets jointly handle 45–47 million passengers per year, operate over 200 scheduled routes and move more than half a million metric tons of cargo.

ASUR stated it expects to close the transaction in the first half of 2026. The acquisition marks its entry into Brazil and strengthens its position across Latin America.

Motiva executives, cited in an analyst  conference referenced by Bloomberg, said the sale process began in March and that the agreement positions ASUR as “one of the main Latin American players in airport operations.” ASUR has not commented publicly beyond regulatory filings, which outline the portfolio’s scope and strategic fit with its international expansion plans.

The Brazilian assets include concessions in key markets such as Confins and Pampulha, along with airports in the South and Central blocks. The non-Brazilian assets include Quito International Airport, Juan Santamaría Airport in San Jose and Curaçao International Airport.

Filings with the Comissão de Valores Mobiliários note that the total valuation includes net debt, which represents a significant portion of the US$2.16 billion figure. ASUR confirmed that the acquisition separates the equity payment from the debt-financed component. Motiva added that the equity value reflects its stake in CPC Holding, while the debt component corresponds to long-term concession obligations already embedded in the assets’ operating structure.