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LUXEMBOURG – (BUSINESS WIRE) –
Corporación América Airports SA (NYSE: CAAP), (“CAAP” or the “Company”), the world’s largest private operator of airport concessions by number of airports, today announced that its subsidiary Puerta el Sur SA (“PdS”), which operates the Carrasco International Airport in Montevideo, Uruguay, has signed an agreement with the Government of Uruguay (the “Amended Concession Agreement”) to modify the existing concession agreement which was originally signed on February 6, 2003.
In accordance with the amended concession contract, the duration of the concession has been extended for an additional 20 years, from November 2033 to November 2053 and includes six additional regional airports, bringing CAAP’s network in Uruguay to a total of eight airports. Finally, the Amended Concession Agreement also establishes a capital investment program of US $ 67 million to be deployed in these six new airports by 2028.
Mr. Martín Eurnekian, CEO of Corporación America Airports, said: “I am pleased to announce the extension for another twenty years of the Carrasco International Airport concession in Uruguay, which is a strategic infrastructure asset in the country that we have successfully operated since 2003, offering a gateway from the country’s capital to the world. I am also excited about the six additional airports that we are integrating into the concession, thus strengthening our leadership position in the country’s airport network. This is an important step for our company that strengthens long-term sustainable growth in Uruguay. The additional investments that we have agreed to undertake will allow us to continue to expand and improve the country’s infrastructure, including airport security, security as well as the overall passenger experience., as we have done for the past 18 years.
About Corporación América Airports
Corporación América Airports acquires, develops and operates airport concessions. The Company is the world’s largest private airport operator in terms of number of airports and tenth in terms of passenger traffic. Currently, the Company operates 52 airports in 7 countries in Latin America and Europe (Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy). In 2019, Corporación América Airports served 84.2 million passengers. The Company is listed on the New York Stock Exchange where it trades under the symbol “CAAP”. For more information visit http://investors.corporacionamericaairports.com
Statements relating to our future plans, projections, events or prospects are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements which are not historical facts and may be identified by such terms. that “believes”, “continue”, “could”, “potential”, “remain”, “will”, “would” or similar expressions and the negative aspects of these terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied by forward-looking statements. Many factors could cause our actual business or results to differ materially from the businesses and results anticipated in forward-looking statements, including, but not limited to: the impact of Covid-19, delays or unexpected losses related to construction as part of our investment plan and plans, our ability to generate or obtain the capital required to develop and fully operate our airports, general economic, political, demographic and business conditions in geographic markets that we serve, decrease in passenger traffic, changes in the fees we may charge under our concession agreements, inflation, depreciation and devaluation of the AR $, EUR, BRL , UYU, AMD or PEN against the US dollar, the early termination, revocation or non-renewal or extension of any of our concession agreements. on, the right of the Argentine government to repurchase the AA2000 concession contract, changes in our investment commitments or our ability to meet our obligations hereunder, existing and future g government regulations, losses from natural disasters which may not be fully insurable, terrorism in the international markets we serve, epidemics, pandemics and other public health crises and changes in interest rates or exchange rates. The Company encourages you to consult the “Caution” and “Risk Factor” sections of our annual report on Form 20-F for the fiscal year ended December 31, 2019 and any other applicable CAAP document to the Securities and Exchange Commission for additional information. information about the factors that could cause these differences.
Investor Relations Contact
Patricio Iñaki Esnaola
Phone: +5411 4899-6716
Source: Corporación América Airports SA