12-Mar-2013 9:29 AM

Schiphol Group and Aéroports de Paris interested in Rio de Janeiro GIG privatisation: report

The Netherland's Schiphol Group and France's Aéroports de Paris (ADP) may reportedly participate in Brazil's upcoming privatisation of Rio de Janeiro Galeão International Airport, together with an unnamed Brazilian bank and construction firm, according to a report by EFE. Schiphol spokesperson Mirjan Snoerwang said, "The Brazilian authorities want to partly privatise the airport in Rio de Janeiro and we are studying a bid together with our French partner Aéroports de Paris and two private investors in Brazil, one of which is a construction company." ADP said, "If we decide to make an offer, it will be with Schiphol [Group]." The two operators hold at 8% stake in each other. As previously reported by CAPA, Brazil plans to sell 51% stake in Galeão and Belo Horizonte Tancredo Neves International Airport to boost investment in the facilities before the 2014 FIFA World Cup and 2016 Olympic Games, and hopes to raise BRL11.4 billion (USD5.8 billion) from the privatisations, which are expected to occur in Sep-2013.

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