Grupo Odinsa $232.6 million acquisition of 50% of Corporación Quiport

Overview:

• Grupo Odinsa, based in Colombia, has acquired a 50% stake in Corporación Quiport, which operates 93% of the Mariscal Sucre Airport in Quito, from Aecon.
• To finance the acquisition, Grupo Odinsa took out a $194 million loan from Banco Itaú, and an unsecured loan from Banco Santander
• The borrower also completed credit agreements with senior lenders such as the Inter-American Development Bank, Export Development Canada, Export-Import Bank of the Untied States, and Over-Seas Private Investment Corporation.
• Itaú BBA acted as financial adviser for Odinsa. 
• In 2014, the airport received 5.6 million passengers and about 180,000 tonnes of cargo. By 2020, the airport is expected to receive 8 million passengers and over 200,000 tonnes of cargo. 

Rani Mehta - Journalist