Aena advances in the bid for the 20 airports of the Brazilian Motiva in Latin America
Aena, the Spanish airport manager, is advancing in the bid for the largest airport portfolio at stake: the concessions of 20 aerodromes to which the Brazilian group Motiva (formerly CCR) put up the ‘for sale’ sign at the beginning of the year. In its eagerness to expand its international network, the company led by Maurici Lucena has advanced to the proposal phase where it will compete with three other groups: the Mexican Asur, America Corporation (Inframérica headquarters in Brazil) and the Pacific Airport Group (GAP).
The information, advanced from the local environment Economic value, It is known three days after Motiva officially confirmed that the operation had entered the phase of receiving binding proposals from potential buyers. When asked about their interest in these airports, Aena sources limit themselves to commenting that the company “analyzes many of the opportunities to understand the market situation”. “This analysis does not in any case guarantee reaching the end of the processes, since it always depends on an exhaustive analysis that concludes with the certainty that the opportunity will generate value,” they mention.
Of the twenty assets that are for sale, 17 of them are in Brazil, where they are spread across nine states.. These are the international airports of Belo Horizonte, Goiânia, Uruguaina and Pelotas; and the regional ones of Bacacheri, Bagé, Alfonso Pena, Foz do Iguaçu, Joinville, Londrina, Navegantes, Pampulha, Imperatiz, Petrolina, Teresina and Palmas. Added to these are the internationals from Curacao, Quito (Ecuador) and Juan Santamaría (Costa Rica). In total, this network has a capacity of 41 million passengers a year, connecting them to more than 200 destinations.
It so happens that Aena manages an indirect position in another of the actors that have expressed interest in acquiring this portfolio, Grupo Aeroportuario del Pacífico (GAP). Your participation takes place through the company Aeropuertos Mexicanos del Pacífico (AMP) and participates with 33.33% of its capital.
In May, the president of the company, Miguel Setas, cleared up all doubts by stating Motiva has a preference for block sale of its entire airport portfolio and that it has multiple stakeholders in the assets, including national and international groups. In the last earnings conference, held in July, Setas reported that Motiva expected to have news about the operation in the second half of 2025. Therefore, it would be concluded in early 2026. From Brazil there is talk of an operation valued between 10,000 and 12,000 million Brazilian reais (between 1,600 and 1,928 million euros at the exchange rate).
In this scenario, if Aena completes the acquisition, the group controlled 51% by the Spanish State – through Enaire – would double its already consolidated portfolio in the country of Rio with 17 airports that, in the first eight months of the year, provided service to almost 30 million passengers, around a tenth of the 258 million travelers that transited the 64 airports that Aena operates in Spain during this period. Brazil and the United Kingdom.
