Pardo Consolidates ASUR Control

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’s capital. According to SEC documents, Chico Pardo now owns approximately 73.9% of Asur, both directly and through his holding companies Agrupacion Aeroportuaria Internacional II and Servicios de Estrategia Patrimonial. ASUR did not return calls seeking comment.