Fraport raises stake in Lima Airport to 80 per cent

posted on 24th May 2019 by Justin Burns
Fraport raises stake in Lima Airport to 80 per cent

Fraport AG has purchased a further 10 per cent stake in Lima Airport Partners S.R.L. (LAP) – operator consortium of Jorge Chavez International Airport Lima – from AC Capitales’ Infrastructure Fund, which held the stake for over 10 years.

The acquisition raises Fraport’s majority ownership in LAP from 70.01 per cent to 80.01 per cent.

The share deal strengthens Fraport’s position as LAP’s main shareholder and airport operator during an important expansion and growth phase for Lima Airport.

The planned expansion program comprises a second runway, a new passenger terminal, as well as related facilities and infrastructure.

LAP’s concession to operate and manage Lima Airport began in 2001, when Lima Airport served about 4.1 million passengers. In 2018, Lima Airport welcomed 22.1 million passengers, up 7.3 percent year-on-year.