Macquarie Asset Management (MAM) has reached an agreement with Odinsa to acquire its 50% stake in airport concessionaires Opain and Corporación Quiport (Quiport).

Opain operates and manages El Dorado International Airport (BOG) while Quiport operates Mariscal Sucre International Airport (UIO) in Quito, Ecuador.

Quiport has a concession to operate Mariscal Sucre International Airport until 2041 and Opain holds a concession to operate El Dorado until 2027 with a four-year extension option.

El Dorado International Airport is said to be the second busiest passenger airport in South America, with a passenger handling capacity of nearly 35 million, and Mariscal Sucre airport manages nearly five million passengers.

Odinsa is the concessions company of Grupo Argos.

Grupo Argos and Odinsa board of directors president Jorge Mario Velásquez said: “We are pleased to announce a new alliance with the world’s largest infrastructure manager.

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“The new platform will bring together the experience, technical capabilities, track record and financial strength of two major companies to develop airport infrastructure in Colombia and the region. This is an important milestone in the materialisation of Grupo Argos’ strategic thesis.”

The deal builds on MAM’s global airport experience through the platform with the local partner.

Additionally, the airport platform covers three private airport initiatives, which Odinsa has been pursuing in Colombia.

The deal was executed by Macquarie Infrastructure Partners V, an Americas-focused, unlisted infrastructure fund.

Macquarie Infrastructure Partners CEO Karl Kuchel said: “We are excited to continue to increase our footprint in the region and invest in high-quality infrastructure assets that deliver essential services.

“This investment expands our highly-valued existing partnership with Odinsa, and we look forward to working collaboratively with key stakeholders going forward to further strengthen transportation infrastructure across the region.”