CCR drops out of airport auction

CCR drops out of airport auction

Corporate & Sovereign Strategy Equity M&A Brazil France Spain Switzerland

Brazilian infrastructure group CCR said it will not bid in a concession auction for the Congonhas Airport in São Paulo on Thursday, deciding instead "to focus on the delivery of projects and operations related to auctions already won." CCR has committed to more than BRL10 billion ($1.94 billion) in investments in other concessions, including BRL3 billion in toll roads in the next two years, BRL3.3 billion in railways and public transit lines and BRL4.8 billion in airports, the company said in a

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