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Airport Auction Lands US$9 Billion Offer

(Jamaica Observer) The Brazilian government on Friday fetched US$9.14 billion in an auction for 51 per cent stakes in the international airports of Rio de Janeiro and Belo Horizonte, cities that host next year's World Cup soccer games.

 

The Civil Aeronautics Agency said the Aeroportos do Futuro consortium, formed by Brazilian construction company Odebrecht and the Changi Airport Group that operates the Singapore airport, presented the winning bid for Rio de Janeiro's Antonio Carlos Jobim Airport at US$8.3 billion. The minimum bid for the 25-year concession was US$2.12 billion.

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