Ashmore Acquires an Interest in Airport Runway Concessionaire Compañía de Desarollo Aeropuerto Eldorado (Latin America)

Ashmore Colombia

A fund managed by Ashmore Colombia, an Andean private equity investment manager and subsidiary of emerging market-focused investment manager Ashmore Group, has acquired an 85 percent interest in Colombia-based Compañía de Desarollo Aeropuerto Eldorado (Codad), the concessionaire of the two runways at El Dorado Airport in Bogotá, from international telecommunications infrastructure group Abertis Infraestructuras for a total consideration of COP132 billion (approximately US$66 million). Codad was incorporated in 1995 to execute the concession contract for the construction of the second runway at El Dorado Airport and to perform maintenance on both of El Dorado’s runways.