{"id":120233,"date":"2021-04-07T17:21:55","date_gmt":"2021-04-07T17:21:55","guid":{"rendered":"https:\/\/precoinnews.com\/?p=120233"},"modified":"2021-04-07T17:21:55","modified_gmt":"2021-04-07T17:21:55","slug":"brazil-raises-600-million-in-privatization-auction-of-22-airports","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/brazil-raises-600-million-in-privatization-auction-of-22-airports\/","title":{"rendered":"Brazil raises $600 million in privatization auction of 22 airports"},"content":{"rendered":"

SAO PAULO (Reuters) – Brazil on Wednesday auctioned 22 airports, raising 3.3 billion reais ($593.11 million), with the largest group of airports won by infrastructure company CCR , part of a wave of privatizations that the government is pushing.<\/p>

FILE PHOTO: Labourers work on the expansion of the Afonso Pena airport in preparation for the 2014 World Cup in Curitiba March 5, 2012. . REUTERS\/Rodolfo Buhrer\/File Photo<\/figcaption>

\u201cWe had an extraordinary result in this auction, despite the fact that the COVID pandemic strongly affected all airports\u201d, said Brazil\u2019s Infrastructure Minister Tarcisio de Freitas after the auction ended.<\/p>\n

Brazil is auctioning airports as the air travel industry undergoes one of its worst crisis in history. The pandemic brought air travel to a standstill last year and while it has been recovering in developed countries like the United States, flight demand in Brazil has been weakened recently by a brutal second wave.<\/p>\n

Brazilian infrastructure company CCR won licenses to operate the two largest blocks of airports, including the airport of the southern city of Curitiba.<\/p>\n

The auction raised a similar amount of money as a previous airport auction in 2019, when the auction of a single group of airports in Brazil\u2019s northeast raised $500 million.<\/p>\n

Freitas said the government was focusing more on how much winners would invest than in value paid to government.<\/p>\n

CCR will operate 15 airports, nine in south Brazil, for which it bid 2.1 billion reais ($382 million), and six in the central region, with a 754 million reais ($135 million) bid.<\/p>\n

CCR Chief Executive Marcos Cauduro said the company will bid on the next privatization auctions and that has a 5 billion-real cash position, enough to pay for the licenses acquired on Wednesday.<\/p>\n

France\u2019s Vinci Airports agreed to pay 420 million reais ($75.3 million) to operate seven airports in the northern region.<\/p>\n

Among the companies that placed losing bids were Spain\u2019s Aena, Argentina\u2019s Corporacion America Airports and funds managed by asset managers Patria Investments and XP Inc .<\/p>\n

($1 = 5.5639 reais)<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SAO PAULO (Reuters) – Brazil on Wednesday<\/p>\n","protected":false},"author":3,"featured_media":120232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nBrazil raises $600 million in privatization auction of 22 airports - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/brazil-raises-600-million-in-privatization-auction-of-22-airports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazil raises $600 million in privatization auction of 22 airports - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"SAO PAULO (Reuters) – Brazil on Wednesday\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/brazil-raises-600-million-in-privatization-auction-of-22-airports\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-07T17:21:55+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/04\/cnewsfotor1186.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/brazil-raises-600-million-in-privatization-auction-of-22-airports\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/brazil-raises-600-million-in-privatization-auction-of-22-airports\/\",\"name\":\"Brazil raises $600 million in privatization auction of 22 airports - 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