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

Release Date: 03/10/2023 16:35
Code(s): AIR05 AIRL01 AIR04 AIRF04 AIRF03 AIRF02     PDF:  
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Airports Company South Africa reconsiders sale of shares in Grupar

                              Public




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


Airports Company South Africa reconsiders sale of shares in
Grupar


Noteholders are hereby informed that the Board of Directors of
ACSA (“Board”) has reconsidered its decision to sell ACSA equity
ownership in Aeroporto de Guarulhos participações S.A “GRUPAR”.

After consideration, the Board has decided that the Company
should maintain its 20% investment in GRUPAR. This decision was
informed by the strong recovery of Guarulhos International
Airport from the negative impact of Covid-19.

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%.


Johannesburg
03 October 2023

Debt Sponsor
The Standard Bank of South Africa Limited




                                                                   Public

Date: 03-10-2023 04:35:00
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