AIRPORTS COMPANY SOUTH AFRICA SOC LIMITED - Update Regarding Airports Company South Africa sale of shares in Grupar

Update Regarding Airports Company South Africa sale of shares in Grupar

Airports Company South Africa SOC Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/004149/30)
(“ACSA”) or (“the Company”)


Update regarding Airports Company South Africa sale of shares
in Grupar.
On 09 October 2020, investors were informed of a non-binding
offer received from Invepar to acquire the totality of ACSA’s
equity ownership in Aeroporto de Guarulhos participações S.A
“GRUPAR”, representing 20% of the total outstanding and voting
in GRUPAR.

GRUPAR is the holder of 51% per cent of the outstanding share
capital stock of Concessionária do Aeroporto Internacional de
Guarulhos S.A “GRU”. Thus, ACSA’s shareholding in the GRU
Concession is 10.2%.

The share sale transaction was subject to the fulfilment of all
condition precedents including approval by lenders of the GRU
concession. Investors are hereby advised that the lenders of GRU
Concession refused to grant approval for the share sale.
Therefore, ACSA will retain its 20% shareholding in GRUPAR and
10.2% shareholding in GRU.


Johannesburg
22 September 2022

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 22-09-2022 05:43:00
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