0001171843-26-003120
SEC filingGrupo Aeroportuario del Pacífico completed the business combination with CBX and acquired the remaining 25% stake, issuing 89,740,731 new shares and achieving 100% ownership with financial consolidation starting May 2026.
Grupo Aeroportuario del Pacífico has finalized a transformative business combination involving Cross Border Xpress (CBX), a key cross-border passenger service, and related technical assistance and technology transfer operations. The transaction, approved by shareholders, culminated in the notarization of a merger agreement dated April 30, 2026, alongside the completion of the purchase for the outstanding 25% stake in CBX. This achieves full 100% consolidation of these businesses into GAP's operations. To facilitate the merger, GAP issued 89,740,731 new net shares, increasing total outstanding shares to 595,018,195, comprising 519,226,576 Series B and 75,791,619 Series BB shares. Control of the merged entities has been assumed, with financial consolidation commencing in May 2026. For investors, this integration expands GAP's revenue streams beyond its 12 Mexican Pacific airports and Jamaican concessions, incorporating CBX's unique Tijuana-San Diego bridge service into core operations. The share issuance dilutes existing ownership but aligns with strategic growth in ancillary airport-related services. No financial terms beyond share issuance or immediate impacts are disclosed, but the move positions GAP for enhanced synergies in passenger facilitation and technology.