Skip to main content

CAAP Increases Stake in Toscana Aeroporti

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

ICD Becomes Shareholder in CAAP

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 http://investors.corporacionamericaairports.com

Contacts

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  269.30
-2.97 (-1.09%)
AAPL  302.33
-2.58 (-0.85%)
AMD  488.33
+14.01 (2.95%)
BAC  64.53
+0.53 (0.84%)
GOOG  341.92
-1.08 (-0.31%)
META  582.38
-16.74 (-2.79%)
MSFT  493.83
-9.98 (-1.98%)
NVDA  224.03
+6.53 (3.00%)
ORCL  152.21
+6.73 (4.63%)
TSLA  326.93
-5.88 (-1.77%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.