Mexico To Continue Airport Sales

Following the successful sale last week of its 85% stake in Grupo Aeroportuario del Pacifico (GAP), the country’s largest airport operator, the Mexican government says it is planning to follow it up by selling its 49% share in Grupo Aeroportuario Centro Norte (GACN) before the end of this year. The government is considering an offer by local constructor ICA which owns the balance of GACN. Mexico successfully raised $870 million from its largest IPO in 10 years with the sale of GAP.