Brazil auctions 12 airport concessions

Brazil auctions 12 airport concessions

Project & Infrastructure Finance M&A Economy & Policy Brazil

Brazil's civil aviation agency ANAC said the government has earned BRL2.38bn ($623m) from the auction of 12 airport concessions in three blocks, with the winning bidders offering almost 10 times more than the minimum amounts. Spain's Aena beat five other bidders and won a block of six airport concessions in northeast Brazil for BRL1.9bn. ANAC had set the minimum bid at BRL171m, meaning Aena offered a premium above 1,000%. The block includes airports in the tourist destinations Recife, Maceió an

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