Copenhagen Airports agrees to sell its ownership interest in ASUR’s strategic partner
22-Jun-2010 Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (“ASUR”), today announced that it learned today that Copenhagen Airports A/S (“CPH”) entered into an agreement to sell its 49% aggregate interest in the Mexican company Inversiones y Técnicas Aeroportuarias, S.A. de C.V. ("ITA") to CPH’s local Mexican business partner and ASUR’s CEO and Chairman, Fernando Chico Pardo.
ITA is ASUR's strategic shareholder and holds 22,950,000 of ASUR's Class BB shares, representing approximately 7.65% of ASUR's capital stock. In addition, ASUR and ITA have entered into a technical assistance agreement (the "Technical Assistance Agreement") pursuant to which ASUR has a perpetual and exclusive license in Mexico to use all technical assistance and "know-how" transferred to it by ITA or its stockholders during the term of the agreement.
Consummation of CPH's sale of its stake in ITA to Fernando Chico Pardo is conditioned upon, among other things, approval by the authorities. If the sale is completed, CPH will no longer hold any interest in ITA, however, the Technical Assistance Agreement will continue in force until its scheduled termination.