Zurich Airport and IG4 Capital bid to take over Brazilian airport

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A consortium formed by Zurich Airport and the Brazilian company IG4 Capital has submitted a proposal to take control of Viracopos International Airport, located in Campinas, São Paulo. The current operator has been in judicial recovery since May.

The proposal was filed and will be evaluated by the Court. It involves between BRL150 million (US$38.45 million) and BRL400 million (US$102.54 million) investment and provides for the conversion of the current operator's debt into equity participation.

Owned by UTC Participações, Triunfo Participações and Egis, the operating company owes approximately BRL2.88 billion (US$740 million) to various banks, including the National Economic and Social Development Bank (BNDES and suppliers, including companies responsible for services directly linked to the airport operation, as well as termination payments to the National Civil Aviation Agency (ANAC).

As one of Brazil's main international airports, Viracopos spans 140,000 sqm, has capacity for 14 million passengers and a 3,600 m runway.

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