Pacifico has healthy exposure to domestic and international travel in Mexico.
Grupo Aeroportunario del Pacifico, or Pacifico, has been designated as the provisional preferred bidder for the Norman Manley International Airport in Kingston, Jamaica. Eight companies were approved by the Development Bank of Jamaica--the entity administering the process--as viable bidders for the Kingston concession but only three responded to the request for proposal. Transaction details have yet to be finalized, which means we’re leaving our $116 fair value estimate per ADR (MEX 217 for loca...
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