Origin Country
Brazil

airport deal

Brazil - Rio de Janeiro/Galeão

Operator // RioGaleão

Overview

Overview

The federal gov’t of Brazil plans to offer the market stakes still held by Infraero in the airports privatized in Round 1 (2012) and Round 2 (2013), namely; GRU, GIG, CNF and BSB (VCP excluded as this concession will be retendered). The planned sales were first announced during the Michel Temer administration. Later promised by the Jair Bolsonaro administration, to transact in 2020, the process has been delayed due to the COVID19 crisis and is now expected occur in the second half of 2021. Subsequently, in February 2022, Changi Airport Group on announced that its wholly-owned subsidiary, Changi Airports International (CAI), had given the nod for the Rio de Janeiro Galeão (GIG) Airport manager to re-auction the asset's concession. The application is subject to the approval of ANAC, the country's Ministry of Infrastructure, the Investment Partnership Program Council and the president of Brazil, the group said in a bourse filing. Once approved, following current legislation, a new operator will be defined in an auction structured and launched by the federal government.

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Passengers

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Movements

N/A

Cargo (tonnes)

Included Airports

Airports

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Brazil

1 airport

Transaction Stage

Stage

Stage 1 — In progress

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.

Stage 2 — Pending

Due Diligence & Bid/Offer Development

Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.

Stage 3 — Pending

Award, Financial Close & Transfer

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.

Deal Information

Information

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