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"Mexican airport concessionaire offers US$1bn for TBI"

Tuesday, December 7, 2004

Paper/ GAP offers US$1bn for UK airport concessionaire
BNamericas.com


Mexican airport concessionaire Grupo Aeroportuario del Pacifico (GAP) has
offered US$1bn to buy British based concessionaire TBI, Mexican daily El
Informador reported.

The offer is for 100% of TBI, which has US$500mn in working capital and
US$200mn in debt. 

A regional airports company, in the UK TBI owns and operates the airports at
London Luton, Cardiff and Belfast. 

Internationally, it operates three airports in Bolivia and one in Sweden,
handling a total of 18 million passengers in 2003. It also partially
operates other airports, including Costa Rica's airport at San Jose, and is
estimated to bring in US$450mn this year. 

In western and central Mexico, GAP holds the concessions for 12 airports,
including those at Guadalajara, Tijuana, Puerto Vallarta, Los Cabos,
Hermosillo and Leon.


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