COFECO Issues Unfavorable Opinion on ASUR's Participation in Bidding Process for Riviera Maya Airport
MEXICO CITY, Jan. 31, 2011 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), the first privatized airport group in Mexico and the operator of Cancun Airport and eight other airports in southeast Mexico, announced today that the Comision Federal de la Competencia (COFECO) reported an unfavorable opinion regarding ASUR's participation in the bidding process for the construction, management, operation and exploitation of the public airport that is to be built in the town of Tulum in the state of Quintana Roo.
COFECO states that two commissioners of COFECO voted in favor of permitting ASUR to participate in the bidding process; however, three commissioners denied ASUR's request.
ASUR disagrees with the decision and the views expressed by the Commission and will initiate legal proceedings, pursuant to established Mexican legislation, to defend its right to participate in the bidding process.
About ASUR:
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is the first privatized airport group in Mexico and operator of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan airports in southeast Mexico. The company is listed on the Bolsa Mexicana de Valores (BMV) under the symbol ASUR and on the New York Stock Exchange (NYSE) in the United States under the symbol ASR. One ADS is equivalent to ten (10) Series B shares.
SOURCE Grupo Aeroportuario del Sureste, S.A.B. de C.V.
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