Published: 2010-06-22 16:23:02 CEST
Københavns Lufthavne A/S
Company Announcement
Copenhagen Airports seeks to sell its investment in ITA
Copenhagen Airports A/S (“CPH”) today signed an agreement to sell its
49%
aggregate interest in the Mexican airport company Inversiones y
Técnicas
Aeroportuarias, S.A. de C.V. ("ITA") to CPH's local Mexican business
partner,
Fernando Chico Pardo. 
 
The proposed transfer
Since 1999, CPH has
been a shareholder in ITA and currently holds 49% of the
share capital.
Fernando Chico Pardo currently holds 51%. 

The sale is inter alia
conditional upon:

• approval by the Mexican Ministry of Communications and
Transport;
• approval by the Mexican competition authorities

The sale will
therefore not be recognised in the financial statements until
after regulatory
approval, expected in Q3 2010. 

If the sale is completed, CPH will no longer
hold any interest in ITA and will
no longer have an agreement to act as Key
Airport Partner in ITA, whereas the
current Technical Service Agreement will
be continued in 2010, so the effect on
profit in 2010 will be in line with the
forecast. 

The expected effect on profit before tax is up to DKK 400
million.
 
About ITA
In its capacity as strategic partner of Grupo
Aeropuertos del Sureste, S.A.B.
de C.V. (“ASUR”), ITA practises active
ownership through a shareholders'
agreement and a consulting agreement. The
agreement covers consulting services
in all important business areas in ASUR.

 
About Fernando Chico Pardo
Fernando Chico Pardo is the Chairman and
acting CEO of ASUR. Fernando Chico
Pardo is the founder and CEO of Promecap,
S.C. and a board member of a number
of companies. 
 


22062010 fondsbrsmeddelelse uk.pdf