ASUR Marks 25 Years on Mexican Stock Exchange

Grupo Aeroportuario del Sureste (ASUR) celebrated 25 years of trading on the Mexican Stock Exchange (BMV), underscoring the importance of capital markets in financing infrastructure, boosting connectivity and driving economic growth. The commemoration brought together Fernando Chico, Chairman, ASUR’s board, and Marcos Martínez, Chairman, Grupo BMV. Both highlighted the company’s trajectory and the broader role of the stock market in transforming regional development.

ASUR went public in 2000 and has since become one of the leading airport operators in Latin America. The company manages 16 airports in Mexico, six in Colombia and one in Puerto Rico, serving more than 48 million passengers so far this year. Its flagship, Cancun International Airport, is the second-busiest in Mexico.

“The stock market has been a cornerstone in ASUR’s history. These 25 years have allowed us to grow in an orderly way, attract long-term investment and strengthen our infrastructure,” Chico said. “Most importantly, each project represents jobs, tourism growth and direct benefits for Mexico.”

ASUR currently has a market capitalization exceeding MX$187 billion, with its share price up 141% in the past five years. It ranks ninth in liquidity on the BMV and is part of 38 indexes, including the S&P/BMV IPC.

The company has outlined a MX$30 billion investment plan for 2024–2028, with MX$2.04 billion invested in 2Q25, up 148% year-over-year. Funds are directed toward modernizing terminals, increasing capacity and improving passenger experience.

For Martínez, the milestone reflects the essence of the stock market. “ASUR’s story confirms that behind each listed company there is trust, long-term vision and commitment to the country,” he said. “The Mexican Stock Exchange is the bridge that turns projects into realities, and in ASUR’s case, those realities translate into connectivity, tourism and opportunities for millions of people.”

Beyond financial performance, ASUR has advanced sustainability initiatives. It joined the United Nations Global Compact in 2005, became the first Mexican airport operator to commit to Science Based Targets (SBTi), and holds ISO 14001 environmental certification. In 2024, half of its Mexican airports operated with renewable energy, generating more than 3.3 million kWh. The company has also been recognized as a Socially Responsible Company (ESR) since 2008.

ASUR’s anniversary underscores the BMV’s role as a platform for companies to secure financing, foster infrastructure development and contribute to Mexico’s economic and social progress.

Chico Family and Banamex

MBN reported that Chico and his immediate family have agreed to acquire a 25% equity stake in Grupo Financiero Banamex (“Banamex”). The transaction covers approximately 520 million common shares at a fixed price-to-book ratio of 0.80 times the local GAAP book value at closing. At signing, this represents a price-to-tangible book value of 0.95 times, with a total estimated consideration of around MX$42 billion (US$2.3 billion). The deal is subject to customary closing conditions, including regulatory approvals in Mexico, and is expected to finalize in 2H26.

Banamex is Mexico’s fourth-largest financial group by total assets and operates a network of roughly 1,300 branches, 9,000 ATMs, 13.6 million retail banking clients, 6,000 commercial banking clients, and 8.6 million pension fund management customers. Chico, 73, is among Mexico’s 10 wealthiest individuals. He previously founded Casa de Bolsa Acciones y Asesoría Bursátil, later acquired by Grupo Financiero Inbursa, and has held leadership roles at Promecap and Grupo Aeroportuario del Sureste (ASUR).