Brazil may sell stake in airport concessions

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Brazil may sell stake in airport concessions

Brazil's government is considering selling half of its 49 percent stake in the concessionaires in charge of five major airports located in Brasilia, Belo Horizonte, Rio de Janeiro, São Paulo and Campinas.

The Government of Brazil, through Empresa Brasileira de Infraestrutura Aeroportuária (Infraero), the  Brazilian government corporation responsible for operating several of the main Brazilian commercial airports, would be willing to reduce its stake from 49 percent to about 25 percent, to raise cash and help reduce the national budget gap.

The airports included in the proposed transaction are the following:

  • Brasília-Presidente Juscelino Kubitschek International Airport is the airport serving Brasília. It is located in the Lago Suladministrative region of the Federal District of Brazil. Some of its facilities are shared with the Brazilian Air Force.
  • Rio de Janeiro/Galeão-Antonio Carlos Jobim International Airport is the main airport serving Rio de Janeiro. It is the largest airport in Brazil, by total area, and is the country's second-busiest international airport. Since August 12, 2014 it has been operated by the concessionary Rio Galeão, a consortium formed by the Brazilian investor Odebrecht and Changi Airport Group, with a minority participation of the government owned company Infraero, the previous operator. Some of its facilities are shared with the Galeão Air Force Base of the Brazilian Air Force.

 

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