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ASUR's shares rise as New Mayan Riviera Airport bid declared void

ASUR, the first privatised airport group in Mexico and operator of Cancun Airport and eight others in the southeast of Mexico, announced that the Ministry of Communications and Transportation (SCT) has informed it that the international public bidding process for the construction, operation and management of an international airport in the town of Tulum in the Mayan Riviera region was declared void.

SCT notified ASUR that the bidding process was declared void because none of the technical bids presented by the participants complied with the requirements established in the bidding documents. As a result, the economic proposals will not be opened and will be returned to the bidding participants. ASUR's shares rose 4.7% yesterday, bucking the selling trend on global equity markets.

See related report: Mexico's Riviera Maya airport project moves forward without ASUR

Selected Airports' daily share price movements (% change): 23-May-2011