Corporación América Airports Increases Stake in Toscana Aeroporti
Corporación América Airports (CAAP) has increased its indirect economic interest in Toscana Aeroporti S.p.A. to 68.07% by acquiring an additional stake through its wholly owned subsidiary, Corporación América Italia. The company acquired approximately 1.08 million shares for €19 million, representing about 5.789% of the outstanding share capital of Toscana Aeroporti. This move reflects CAAP's continued investment in and confidence in the Italian airport operator. With this acquisition, CAAP strengthens its position as a major shareholder in one of Italy’s key regional airports, potentially enhancing operational control or strategic influence.
Tickers: $CAAP
Topics: Corporate Ownership M&A