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Associated Press
29-05-2025
- Business
- Associated Press
CAAP Increases Stake in Toscana Aeroporti
LUXEMBOURG--(BUSINESS WIRE)--May 29, 2025-- Corporación América Airports S.A. (NYSE: CAAP), ('CAAP' or the 'Company'), one of the world's leading private airport operators, announced today that it has acquired, through a wholly-owned subsidiary, the remaining 25% interest in Corporación América Italia S.p.A. ('CAI') from the Investment Corporation of Dubai ('ICD'), thereby increasing its total interest in CAI to 100%. CAI holds a 62.28% interest in Toscana Aeroporti S.p.A. ('TA'), the Company's subsidiary that operates the Pisa and Florence airports. The transaction was completed through a share swap agreement, with CAAP delivering 1,996,439 newly issued shares to ICD as consideration for the 25% interest in CAI. To ensure a fair valuation, an internationally recognized firm was engaged to provide an independent fairness opinion. With this acquisition, CAAP has increased its indirect economic interest in Toscana Aeroporti S.p.A. by 15.6%, further strengthening its strategic position in the Italian airport sector. About Corporación América Airports Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 52 airports in 6 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2024, Corporación América Airports served 79.0 million passengers, 2.7% (or 0.4% excluding Natal) below the 81.1 million passengers served in 2023, and 6.2% below the 84.2 million served in 2019. The Company is listed on the New York Stock Exchange where it trades under the ticker 'CAAP'. For more information, visit View source version on CONTACT: Investor Relations Contact Patricio Iñaki Esnaola Email:[email protected] Phone: +5411 4899-6716 KEYWORD: NEW YORK EUROPE LUXEMBOURG UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TRANSPORTATION AIR TRANSPORT TRAVEL SOURCE: Corporación América Airports Copyright Business Wire 2025. PUB: 05/29/2025 08:53 AM/DISC: 05/29/2025 08:52 AM
Yahoo
29-05-2025
- Business
- Yahoo
CAAP Increases Stake in Toscana Aeroporti
ICD Becomes Shareholder in CAAP LUXEMBOURG, May 29, 2025--(BUSINESS WIRE)--Corporación América Airports S.A. (NYSE: CAAP), ("CAAP" or the "Company"), one of the world's leading private airport operators, announced today that it has acquired, through a wholly-owned subsidiary, the remaining 25% interest in Corporación América Italia S.p.A. ("CAI") from the Investment Corporation of Dubai ("ICD"), thereby increasing its total interest in CAI to 100%. CAI holds a 62.28% interest in Toscana Aeroporti S.p.A. ("TA"), the Company's subsidiary that operates the Pisa and Florence airports. The transaction was completed through a share swap agreement, with CAAP delivering 1,996,439 newly issued shares to ICD as consideration for the 25% interest in CAI. To ensure a fair valuation, an internationally recognized firm was engaged to provide an independent fairness opinion. With this acquisition, CAAP has increased its indirect economic interest in Toscana Aeroporti S.p.A. by 15.6%, further strengthening its strategic position in the Italian airport sector. About Corporación América Airports Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 52 airports in 6 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2024, Corporación América Airports served 79.0 million passengers, 2.7% (or 0.4% excluding Natal) below the 81.1 million passengers served in 2023, and 6.2% below the 84.2 million served in 2019. The Company is listed on the New York Stock Exchange where it trades under the ticker "CAAP". For more information, visit View source version on Contacts Investor Relations Contact Patricio Iñaki Esnaola Email: Phone: +5411 4899-6716 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
