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ASUR SIGNS DEAL TO ACQUIRE URW'S AIRPORT RETAIL CONCESSIONS AT KEY TERMINALS AT NEW YORK JFK, LOS ANGELES LAX, AND CHICAGO ORD AIRPORTS
MEXICO CITY and PARIS, July 30, 2025 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE:ASR; BMV:ASUR) (ASUR) and Unibail-Rodamco-Westfield
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[{"type":"text","content":"MEXICO CITY and PARIS, July 30, 2025 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE:ASR; BMV:ASUR) (ASUR) and Unibail-Rodamco-Westfield (XPAR: URW) (URW) today announced that ASUR's subsidiary ASUR US Commercial Airports, LLC entered into a purchase agreement with URW's wholly-owned subsidiary Westfield Development, Inc. to acquire all of the issued and outstanding equity interest of URW Airports, LLC for an enterprise value of $295 million Us Dollars.\n\nThe acquired business manages select commercial programs at U.S. airports, including Terminals 1, 2, 3, 6, and Tom Bradley International Terminal and Tom Bradley International Terminal West at Los Angeles International Airport, Terminal 5 at Chicago O'Hare International Airport, and Terminals 8 and New Terminal One at John F. Kennedy International Airport. The acquisition represents ASUR's strategic expansion into the U.S. airport retail concessions market. \nThe closing of the transaction, which is expected to occur during the second half of 2025, is subject to customary conditions precedent.\nASUR is funding the transaction with cash on hand and has secured debt financing from JPMorgan Chase Bank, N.A. to maintain liquidity. ASUR's subsidiary, Aeropuerto de Cancún, S.A. de C.V., has provided a parent guarantee for Buyer's obligations under the purchase agreement.\nJ.P. Morgan Securities, LLC is serving as exclusive financial advisor and Cleary Gottlieb Steen & Hamilton LLP is serving as legal advisor to ASUR. RBC Capital Markets, LLC is serving as exclusive financial advisor and Debevoise & Plimpton LLP is serving as legal advisor to URW.\nAbout ASUR\nGrupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports in the Americas. These comprise nine airports in southeast Mexico, including Cancun Airport, the most important tourist destination in Mexico, the Caribbean, and Latin America, and six airports in northern Colombia, including José María Córdova International Airport (Rionegro), the second busiest airport in Colombia. ASUR is also a 60% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport serving the capital of Puerto Rico, San Juan. San Juan's Airport is the island's primary gateway fo...