Reported Earlier, Grupo Aeroportuario del Pacifico Acquires 51.5% Stake in GWTC For Ps. 875.5M, Expanding Cargo Services
Portfolio Pulse from Benzinga Newsdesk
Grupo Aeroportuario del Pacifico (PAC) has acquired a 51.5% stake in GWTC for Ps. 875.5M, expanding its cargo services. GWTC, which operates in free trade zones at Guadalajara and Puebla Airports, generated over Ps. 1.0 billion in revenue in 2023 with a 40% EBITDA margin and no financial debt. The transaction is expected to close by June 25.
June 12, 2024 | 7:08 am
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Grupo Aeroportuario del Pacifico (PAC) has acquired a 51.5% stake in GWTC for Ps. 875.5M, enhancing its cargo services. GWTC's strong financial performance and strategic location in free trade zones are likely to positively impact PAC's revenue and operational capabilities.
The acquisition of GWTC, a company with strong financials and strategic operations in free trade zones, is likely to enhance PAC's cargo services and revenue. The transaction's completion by June 25 adds a clear timeline for investors.
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