June 7, 2018 |
Brazil's CCR has agreed to purchase another 48.4% in Aeris, the concessionaire of the San Jose airport in Costa Rica, for $60m.
The transaction lifts the infrastructure operator's stake in Aeris to 97.15% and also increases its share in Ibsa, the airport's operator, to 99.64% from 49.64%.
According to a securities filing from CCR, the transaction value can accrue a further 10% in annual interest effective of December 2017, until the conclusion of the acquisition.
CCR penned the agreement through
Infrastructure concessionaire pens $60m transaction for almost 50% more share capital in the Costa Rican asset