Asur Surges on Puerto Rico Airport Victory: Mexico City Mover

Grupo Aeroportuario del Sureste SAB, the operator of airports in southern Mexico including Cancun, surged to a record after a unit it co-owns won a bid to operate an airport in Puerto Rico.

Asur, as the company is known, climbed 7.2 percent to 112.17 pesos at 12:23 p.m. in Mexico City, the most on a closing basis since July 2009. Shares touched 113.08 pesos, a record intraday high. It was the best performer on the benchmark IPC index (MEXBOL) of 35 Mexican companies, which slipped 0.5 percent.

Aerostar Airport Holdings, owned by Mexico City-based Asur and a private equity fund known as Highstar Capital IV, will enter into a 40-year lease of Luis Munoz Marin International Airport in San Juan, according to a statement distributed by PR Newswire. Aerostar will pay the Puerto Rico Ports Authority an upfront fee of $615 million.

Asur has gained 43 percent this year, the third-best performance on the IPC index after Grupo Financiero Banorte SAB and Alfa SAB.

To contact the reporter on this story: Jonathan J. Levin in Mexico City at

To contact the editor responsible for this story: David Papadopoulos at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.