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Spain's Aena wins largest block in Brazil airport auction

SAO PAULO (Reuters) - Spain's Aena on Thursday won the rights to operate the largest block of airports auctioned by Brazil's government for 2.45 billion reais ($471.61 million)....
Spain's Aena wins largest block in Brazil airport auction © Reuters. FILE PHOTO: The logo of Spanish airports operator Aena is seen on the top of a welcoming sign outside Adolfo Suarez Barajas airport in Madrid, Spain, March 9, 2016. REUTERS/Sergio Perez/File Photo

SAO PAULO (Reuters) - Spain's Aena on Thursday won the rights to operate the largest block of airports auctioned by Brazil's government for 2.45 billion reais ($471.61 million).

Aena was the only bidder in a block of 11 airports that includes the Congonhas domestic airport located in the city of Sao Paulo, one of the busiest in the country.

The Spanish company, which already operates six airports in northeast Brazil, made an offer that represented a 231% premium over the minimum amount required. Aena is expected to invest around 5.8 billion reais in the block.

A consortium including XP (NASDAQ:XP) Inc and France's Egis, made the sole bid for the block comprising the airports of Jacarepagua in Rio de Janeiro and Campo de Marte in Sao Paulo.

The offer was for 141.4 million reais and the firms are set to invest 560 million reais in the airports.

A group comprised by Brazilian companies Socicam and Dix was the winner in a bidding war with Vinci Airports for the licenses to operate the airports of the state capitals of Para and Macapa for 125 million reais.

($1 = 5.1950 reais)

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
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 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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