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Stock Market & Financial Investment News

News Breaks
May 5, 2014
06:37 EDTPACGAP Airports downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded GAP Airports to Underweight citing valuation.
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April 17, 2015
09:03 EDTPACGAP Airports announces agreement for acquisition of DCA for $190.8M
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. announced that, as the result of a competitive bidding process, GAP has been selected and has reached an agreement with the Spanish entity, Abertis Airports, S.A. for the acquisition of its 100% stake in Spanish company Desarrollo de Concesiones Aeroportuarias, S.L., for $190.8M.DCA, held in its totality by Abertis, itself holds a 74.5% stake in Jamaican company MBJ Airports Limited, as well as a 14.77% stake in the Chilean company SCL Terminal Aéreo Santiago, S.A. The transaction is expected to close on Monday, April 20.

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