ASUR Expands with $936 Million Acquisition of CPC Aeroportos
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Grupo Aeroportuario del Sureste (ASUR) announced its subsidiary, Aeropuerto de Cancún, S.A. de C.V., will acquire CPC Aeroportos for $936 million. CPC Aeroportos operates 20 airports in Latin America. This acquisition supports ASUR's growth strategy, increasing passenger traffic and market exposure. Financing is provided by JPMorgan Chase Bank. Analysts rate ASR stock as Sell with a $300 target, while TipRanks' AI Analyst rates it as Outperform. ASUR is listed on the Mexican and New York Stock Exchanges, focusing on international expansion.
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