ASUR has formally submitted a bid worth 5 billion reais—about $925 million USD—to acquire Motiva Infraestrutura de Mobilidade’s portfolio of 20 airports, including 17 in Brazil and three in Ecuador, Curaçao, and Costa Rica. The offer, announced on November 5, 2025, represents the first step in ASUR’s plan to broaden its footprint beyond its existing 16 airports in Mexico, Colombia, and Puerto Rico.
Motiva, which has rebranded from CCR, is divesting its airport assets to concentrate on its core highway concessions and urban mobility businesses. The sale aligns with Motiva’s strategy to streamline operations and free capital for growth in its primary transportation segments. ASUR’s bid is therefore a strategic fit for both parties, with Motiva exiting a non‑core asset class and ASUR gaining access to high‑traffic Latin American hubs.
ASUR’s expansion narrative is reinforced by its recent $295 million acquisition of URW’s retail concessions at JFK, LAX, and ORD airports in the United States. That move marked ASUR’s first foray into U.S. commercial airport operations and signals a broader ambition to capture non‑aeronautical revenue streams across multiple geographies. The Motiva deal would further diversify ASUR’s geographic exposure and tap into growing passenger traffic in South America and the Caribbean.
Competitive pressure is evident, as ASUR reportedly outbid other major operators such as Spain’s Aena and Brazil’s Corporación América Airports (CAAP). The bidding war underscores the strategic value of Motiva’s airports, which collectively serve over 40 million passengers annually and offer strong non‑aeronautical revenue potential. ASUR’s willingness to pay a premium reflects confidence in the long‑term growth prospects of these markets.
If completed, the transaction would position ASUR as a more diversified, international airport operator with a broader mix of revenue sources. The deal would also enhance ASUR’s scale, potentially improving bargaining power with airlines and retail partners, and could accelerate the company’s ability to invest in technology and infrastructure upgrades across its network. Motiva, meanwhile, would strengthen its focus on highway concessions, potentially improving operational efficiency and profitability in that core business.
The offer remains subject to regulatory approvals and due diligence, and no agreements have yet been signed. However, the announcement signals a significant strategic shift for ASUR and a notable realignment of Motiva’s asset portfolio.
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