Stage 1 — Complete
Deal Structuring & Market Sounding
Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.
Origin Country
Brazil
airport deal
Operator // Inframérica Concessionária do Aeroporto de São Gonçalo do Amarante (ICASGA)
In 2011, the ICASGA consortium was awarded the right to develop and operate NAT, the first Brazilian greenfield int’l airport to be developed by the privatize sector. ICASGA offered a 233% premium in its winning bid. On opening in May 2014, NAT also became the first privately operated airport in Brazil. On Mar. 06, 2020, following the “Lavo Jato” scandal and prolonged economic downturn which impacted the Brazilian economy, Corporación América Airports (CAAP) S.A. announced that ICASGA filed a request with Brazil’s federal gov’t to surrender the NAT concession and initiate a re-bidding process. If approved, NAT will be transferred to a new operator/investor following a re-bidding process, with an indemnification payment to be made to ICASGA, principally to compensate for non-amortized capital expenditure investments. During the retendering process, ICASGA will continue to operate NAT. Due to the COVID19 crisis, the gov’t has opened up dialogue with existing private airport operators in Brazil to consider “rebalancing” of the conessions and, in the short-term, has postponed the annual grants payable to the gov’t unitl the end of 2020.
Passengers
Airport DetailsMovements
Airport DetailsCargo (tonnes)
Airport DetailsClick an airport location for details
Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.
Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.
Award of deal by government/grantor, or acceptance of offer from private owner of shares, followed by completion of financing conditions and, ultimately, granting of concession and/or transfer of shares.
Subscriber-only content. You must be signed in and have a subscription plan to view this information.
Subscribers receive access to value-added content including the latest Deal Pipeline intel, in-depth feature articles and analysis, operator/investor profiles, industry insights, reports and much more.
There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet.
There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.
There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text.