Grupo Aeroportuario del Pacifico Seeks Additional Funding Through Proposed Trust

MT Newswires Live05-11

Grupo Aeroportuario del Pacifico (PAC) has started the process for the potential establishment of a trust for the issuance of energy and infrastructure investment trust certificates, with a view to subscribe a minority equity stake in the 12 Mexican airport concessionaires the company operates, it said Saturday.

Through the initial issuance, each of the 12 airports plans to secure funds to complement the execution of a master development program for the 2026-2029 period, which contemplates investments of about 40 billion Mexican pesos ($2.32 billion).

The program is expected to lead to a significant growth in airport infrastructure, including a roughly increase of 60% in terminals, the company said.

The company's shares were down 1.1% in premarket activity Monday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment