Macquarie Buys 50 Percent Stake in Airport Concessions in Colombia
Posted on 09/30/2022
Macquarie Infrastructure Partners V (MIP V), an Americas-focused, unlisted infrastructure fund managed by Macquarie Asset Management (MAM), announced an agreement with Odinsa, the concessions company of Grupo Argos S.A. to acquire 50% of Odinsa’s stake in airport concessionaires Opain and Corporación Quiport (Quiport). The airports platform also includes three additional private airport initiatives that Odinsa has been pursuing in Colombia. Opain is the operator and manager of El Dorado International Airport serving the capital city of Bogota, Colombia, and Quiport is the company that operates Mariscal Sucre International Airport in Quito, Ecuador. Grupo Argos is a Colombian industrial conglomerate.
El Dorado International Airport is estimated to be the second busiest passenger airport in South America, first by cargo, serving nearly 35 million passengers with 47 domestic destinations and 49 international destinations each year. Mariscal Sucre International Airport is the airport in Quito, the capital of Ecuador, which serves nearly five million passengers and is the first airport in the Americas to be awarded a 5-star rating by SKYTRAX. Quiport holds a 35-year concession to operate Mariscal Sucre International Airport from 2006 to 2041, and Opain holds a 20-year concession to operate El Dorado until 2027 with an extension of up to four years.
This transaction comes three months after the establishment of a toll road platform by MIP V and Odinsa, which owns majority stakes in four operating toll roads in Colombia.
At June 2022, Grupo de Inversiones Suramericana S.A. (Grupo SURA) owns 36% of the ordinary shares in Group Argos, with Grupo Nutresa S.A. at 13%.