Swissport acquires 51% stake in Cabo Verde Handling

Swissport has acquired a 51% majority stake in Cabo Verde Handling (CV Handling), completing the privatization process for the company. The transaction was facilitated by the legal firm PLMJ, which acted as the legal advisor to the state-owned Aeroportos e Segurança Aérea (ASA) throughout all stages of the operation, including structuring, privatization conduction, and the final closing.

CV Handling provides ground handling services across seven airports in Cabo Verde. This partnership is intended to align with national strategic priorities to establish Cabo Verde as an aviation hub, complementing the existing 40-year airport concession granted to Vinci Airports. The share purchase agreement was originally signed in April of this year.