Pardo Consolidates ASUR Control

Pardo Consolidates ASUR Control

Mexico M&A

Fernando Chico Pardo last week completed his acquisition of the remaining 49% stake in Inversiones y Tecnicas Aeroportuarias (ITA) he did not own. Chico Pardo acquired the stake from Copenhagen Airports, which recorded a $51.7m equivalent adjustment to their profit as a result. Chico Pardo is the chairman and CEO of Grupo Aeroportuario del Sureste (ASUR), a Mexican airport operator. He is also the founder of PE firm Promecap. ITA holds 100% of ASUR’s Class BB shares, approximately 7.65% of ASUR’

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