Zurich Airport and IG4 Capital bid to take over Brazilian airport
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.
Country updates
-
-
December 17, 2018
Brazilian municipality passes bill governing street lighting concession
The government of Porto Alegre has passed a legislative bill authorising the Executive to contract a private partner for a street lighting project in the city, located in Rio Grande do Sul, southern B...
Read more -
December 11, 2018
Brazil PPI publishes English version of airport auctions
The National Civil Aviation Agency (ANAC) has published the English version of the Auction Notice No. 01/2018, related to the 5th Round of airport concessions, comprising the three airport blocks...
Read more -
December 05, 2018
BNDES approves US$1.35 billion financing for Belo Monte transmission line
The National Bank for Economic and Social Development (BNDES) approved a financing of BRL5.2 billion (US$1.35 billion) for Xingu Rio Transmissora de Energia SA (XRTE), a company belonging to the Chine...
Read more -
December 04, 2018
Brazil to tender twelve airports, four ports and a railway
The President of Brazil has announced that tenders for concessions of 12 airports in three regions of the country, 4 ports and a sub-concession of the North-South Railway will be launched in the first...
Read more -
November 26, 2018
BNDES approves BRL3.64 billion financing for Itaporanga-Franca highway
The Banco Nacional de Desenvolvimento Econômico e Social (BNDES) has approved the BRL3.64 billion (US$969.7 million) financing to Via Paulista to support the investments foreseen in th...
Read more
