PSP Investments, ASUR buy San Juan airport operator for $430 mln
Canada's Public Sector Pension Investment Board (PSP Investments) has partnered with Grupo Aeroportuario del Sureste SAB de CV (ASUR), a Mexican airport group, to acquire a 50 percent interest in Aerostar Airport Holdings LLC, operator of the Luis Muñoz Marín International Airport in San Juan, Puerto Rico. PSP acquired a 40 percent stake in Aerostar, while ASUR increased its stake to 60 percent, which represents a combined investment of US$430 million. The seller was Oaktree Capital Management. PSP's Patrick Charbonneau said the deal leverages the capabilities of AviAlliance, the pension fund's industrial airport platform.
30 May 2017•5 mins read
