By Andres Gonzalez and Luciana Magalhaes LONDON/SAO PAULO (Reuters) -Mexico’s Grupo Aeroportuario del Sureste (ASUR) has emerged as the leading bidder to buy Motiva’s airport portfolio, two sources with knowledge of the talks told Reuters. Brazil-based Motiva Infraestrutura de Mobilidade, formerly known as CCR, said in May it had begun the sale process in a […]
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Exclusive-Mexico’s ASUR leads bidding for Motiva’s Latin American airports, sources say
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By Andres Gonzalez and Luciana Magalhaes
LONDON/SAO PAULO (Reuters) -Mexico’s Grupo Aeroportuario del Sureste (ASUR) has emerged as the leading bidder to buy Motiva’s airport portfolio, two sources with knowledge of the talks told Reuters.
Brazil-based Motiva Infraestrutura de Mobilidade, formerly known as CCR, said in May it had begun the sale process in a shift to focus on its core highway concessions business.
Mexico’s ASUR has so far outbid Spanish operator Aena and Argentina’s Corporacion America Airports (CAAP) for Motiva’s 17 Brazilian airports and international hubs in Ecuador’s capital Quito, Costa Rica’s San Jose and Curacao, the sources said.
ASUR’s offer valued the assets at around 5 billion reais ($925 million), excluding debt, one of the sources said.
Motiva’s airports served around 45 million passengers in 2024, according to its annual report.
Motiva and ASUR confirmed in separate filings that the two parties were in talks, though both said no binding agreement had been signed.
Aena declined to comment on the sale, while CAAP did not respond to requests for comment.
Shares in ASUR rose more than 2% on Wednesday, while Motiva closed down more than 1%.
Motiva CEO Miguel Setas said last week during a third quarter earnings call that the group expected to announce a sale of the assets before the end of 2025.
Motiva manages and maintains a network of highways, airports and passenger transport services, including subways, trains, light rail and ferries.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for Motiva’s airports business rose 15% to 912 million reais in the first nine months of 2025.
($1 = 5.4039 reais)
(Reporting by Andres Gonzalez in London and Luciana Magalhaes in Sao Paulo; additional reporting by Kylie Madry in Mexico City; editing by Anousha Sakoui, Alexander Smith and Chizu Nomiyama)