Brazilian Airport Bids Draw Premiums

Brazilian Airport Bids Draw Premiums

Brazil M&A

Brazil's Odebrecht and Singapore's Changi Airport Group have posted the winning BRL19bn ($8.3bn) bid in the auction for Rio de Janeiro's airport, the government's civil aviation secretariat says. The bid for the 25-year concession was well above the BRL4.8bn minimum. The result should be a boost for the country's government, which was unable to sell certain road concessions earlier in the year. The bid by the Aeroportos do Futuro consortium surpassed the BRL16.2bn price paid last year for the Gu

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