7-Feb-2012 10:07 AM

ANAC auctions three Brazilian airports for five times minimum value

Brazil's National Civil Aviation Agency (ANAC) announced (06-Feb-2012) the sale of three of the country's airports (Sao Paulo Guarulhos International Airport, Sao Paulo Campinas Viracopos Airport and Brasilia International Airport) for a total of BRL24.5 billion (USD14.2 billion), which is almost five times the minimum value of BRL5.47 billion (USD3.2 billion) set by the Brazilian Government. The auction lasted three hours and was contested by 11 consortia formed by 28 companies, both domestic and foreign. Details of the winning bidders are as follows:

  • Infrastructure and Investment Holdings SA, a consortium of Airports Company South Africa (ACSA) and Invepar, won the concession for Guarulhos. The consortium offered BRL16.21 billion (USD9.4 billion), which is 373.51% above the minimum price;
  • Brazil Airports Consortium, which includes TPI Triunfo Participacoes e Investimentos SA, UTC Holdings SA and France's EGIS Airport Operation, was awarded the concession for Campinas. The consortium offered USD3.8 billion (USD2.2 billion) for the project, which is 159.75% above the minimum price;
  • InfrAmérica, a consortium of Infravix Participacoes SA and Corporación America SA, won the concession for Brasilia. The consortium offered USD4.51 billion (USD2.6 billion), which is 673.39% above the minimum price.

The winners, who will operate their respective airport in conjunction with Infraero, are expected to provide the following amounts in investments to each airport, ahead of the 2014 FIFA World Cup and 2016 Olympic Games:

  • Guarulhos: BRL4.6 billion (USD2.7 billion) including expanding the passenger terminal to handle 7 million passengers p/a;
  • Campinas: BRL8.7 billion (USD5.0 billion) including a new terminal that can handle at least 5.5 million passengers p/a and a parking area;
  • Brasilia: BRL2.8 billion (USD1.6 billion) including a new terminal that can handle 2 million passengers p/a and a parking area.

AZUR confirmed it was not awarded the concession for any of the three airports. Fraport similarly commented to dpa-AFX: “We have submitted a competitive bid, but unfortunately not been successful". [more - original PR - AZUR] [more - original PR - Portuguese]

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