Zurich Airport AG said on Friday it will divest its 12.75% indirect stake in the international airport serving Belo Horizonte, Brazil, to a unit of Mexican airport operator ASUR for an estimated one-off net gain of 17 million Swiss francs.
The disposal involves the stake held through Aeropuerto de Cancún, a subsidiary of ASUR, and is expected to close following receipt of required regulatory approvals. Zurich Airport did not disclose the sale price or further financial terms of the transaction.
The Swiss operator has been reviewing its portfolio of airport investments amid shifting market conditions and strategic priorities. The Belo Horizonte asset was among several minority holdings outside its core European operations, which include Zurich Airport’s primary hub in Switzerland.
The transaction follows a broader trend of airport operators recalibrating exposure to emerging-market assets as capital allocation policies tighten. Zurich Airport did not provide guidance on future investment plans but emphasized the proceeds would support balance sheet flexibility.
