Fraport wins two airport concessions in Brazil

Fraport wins two airport concessions in Brazil

Brazil M&A Project & Infrastructure Finance

Germany's Fraport won two of four airport concession auctions in Brazil on Thursday, bagging contracts for Fortaleza and Porto Alegre, the national civil aviation ANAC said.Fraport bid BRL1.51bn ($483m) to operate the Fortaleza International Airport for 30 years, 18% above the minimum offer. It also offered BRL382m, a premium of 835%, for the 25-year contract for the Porto Alegre International Airport, ANAC said.In the other two auctions, Vinci from France was the only bidder for the Salvador In

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