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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.

Image Source: jamaicaobserver.com
Image Source: jamaicaobserver.com

 

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