Lima Airport Partners

History

On November 15, 2000, a joint venture made up of German airport operator Fraport AG Frankfurt Airport Services Worldwide, Bechtel Enterprises International Ltd. - a North American holding originally dedicated to construction - and Peruvian construction company Cosapi S.A. won the thirty-year concession from the Peruvian State to build, operate and transfer the Jorge Chavez International Airport in Callao, Peru.

In December 2001, Bechtel Enterprise Services, Ltd. transferred its LAP shares to Alterra Lima Holdings, Ltd., subsidiary of Alterra Partners, an airport operator whose shareholders are Bechtel and Singapore Changi Airport Enterprise (operator of the Singapore International Airport).

In September 2003, Cosapi S.A. sold its LAP shares to Alterra Holdings, Ltd. Consequently, the distribution of shares turned 57.25% for Alterra Lima Holdings, Ltd. and 42.75% for Fraport AG.

In August 2007, Fraport AG Frankfurt Airport Services Worldwide acquired 57.25% of Alterra Lima Holdings and turned into the main shareholder of Lima Airport Partners.

In June 2008, the International Finance Corporation, member of the World Bank group and Fund for Investment in Infrastructure, Public Services and Natural Resources, administered by AC Capitales SAFI became partners of LAP. Therefore, the share distribution turned:

70.01%, Fraport AG
19.99%, International Finance Corporation
10.00%, Fund for Investment in Infrastructure, Public Services and Natural Resources

Tenth anniversary

On February 2, 2011, Fraport and Lima Airport Partners celebrated the 10th anniversary of the airport concession in an event attended by important Peruvian business and political leaders as well as by Peru's vice president Luis Giampietri. Stefan Schulte, Fraport's executive board chairman, took the occasion to point out the significant improvements in the quality of infrastructure and services provided as well as the increase in the number of passengers which reached more than 10 million by the end of 2010.