Mexican Firm Now Has Majority Stake in Sangster International Airport (MBJ)
A Mexican firm now has majority stake in MBJ Airports Limited (“MBJA”), the entity that operates Sangster International Airport (“MBJ”) in Montego Bay.
On Monday Grupo Aeroportuario del Pacífico (GAP) announced the completion of a transaction with Spanish company Abertis Airports, S.A. (“Abertis”) for the acquisition of 100% of the shares of Spanish company Desarrollo de Concesiones Aeroportuarias (DCA).
DCA has 74.5 per cent ownership in MBJ Airports.
GAP concluded the agreement with Abertis for the acquisition of DCA by executing the legal documents and transferring a total payment of US$ 190.8 million.
MBJA holds the concession to operate, maintain and utilize the airport for a period of 30 years, beginning April 3, 2003.
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well my Jamaican people,real soon the draws on your asses will be owned by some foreign companies , you will have no say so in your every day lives, you will be owned by your foreign masters just like it was two hundred years ago
smh!!!!!!!! Our own govt. a sell we out inna we face unda we nose and we nuh see—every other country own land pon our land except fi we the ppl???? Where is the moeny wha di Mexican dem pay fi di portion wha dem own??? Hmmmm bwoy oh bwoy mi country star dem need younger educated ppl in Parliament ppl who actually LOVE JAMAICA and not those who only waan use JAMAICA fi better dem pocket!
I tell u my Jamaican brothers an sisters it’s really bad to know that we’ve lost our history selling out to the spaniards who done great wickedness to our forefathers now I know that being educated doesn’t mean a thing.what happened to those so call well thinkers private sectors ect ms Portia Simpson miller and the rest of you in the House of Parliament wise up before it’s too late money is not all check unuh self
I tell u my Jamaican brothers an sisters it’s really bad to know that we’ve lost our history selling out to the spaniards who done great wickedness to our forefathers now I know that being educated doesn’t mean a thing.what happened to those so call well thinkers private sectors ect ms Portia Simpson miller and the rest of you in the House of Parliament wise up before it’s too late money is not all check unuh self
It’s a dam shame.to us “!
Portia you and your friend them need to step down go away .stop selling out our country to these people stop they ate like deases like you Portia you and your colleagues them need to get the hell out .
It’s perfectly normal, if you understand economics, stop the gossip, seem like you didn’t spend much time in School. The Government is not selling you out, many of the Ports in the United States, and other countries are operated the same way, sometimes that’s the best thing to do, it will bring along badly needed improvements. Jamaicans, relax, that’s the reason why we must educate ourselves, we read, but have problems with comprehension.
Sharon McLean, I bet your mother send you to School, but you went to the movies instead, what do you know about commerce, and the movement of capital, relax, ain’t nothing wrong with that, in the name of Capitalism, the Airport ain’t going anywhere, it’s so sad to see illiteracy playing out. Let me digress a little, companies like Grace Kennedy and Company, Jamaica Producers Group,and Sandals owns properties overseas, anyone of you can do same, we live in a Global community. I own property in Oregon, but I don’t live there, yes I bought it in an Auction from… Read more »
SMH…this is very disappointing and surprising…
SMH…this is very disappointing and surprising…
Only god can save us, I would love to know what these government are thinking. A mean after you sell everything tell mi now what are you leaving for the youths. But all my Facebook friends remember Bob marley did already say dread it shall be dread dread
I agree that foreigners own properties overseas, but we are talking about Portia and her colleagues selling out our country to anyone who will pay the most under the table. also, Trinidad owns a lot of property and businesses in Jamaica, but they have a law on their books that no foreigners can own land in Trinidad.