Bom negócio… Spain’s OHL and Ferrovial to bid for Brazil airports

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MADRID | EP | Brazil is getting ready to host some of the greatest sport events in the world: the Football World Championship in 2014 and the Olympic Games in 2016. The modernisation of its airports for affairs of such extent means a very important investment effort for the country, so the president Dilma Rousseff has decided to privatise them. The Spanish construction companies have begun to take positions in the race. OHL will present its offer along with Aena, and Ferrovial will do the same in a joint option with the local investment bank BTG Pactual.

According to some sources in the sector, Ferrovial and OHL are the Spanish firms interested in the bid for the three airports that Brazil is to privatise, an operation which could amount to €2,3bn, and will also include an extra and neccesary investment of  €7mn to improve and enlarge the aerodromes.”

The privatisation process will comprise the international airports of Brasilia, Campinas and Guarulhos. The contracts consider the enlargement and later operation of these infrastructures for a period of between 20- 30 years. OHL and Aena, as well as Ferrovial and its Brazilian partner have officially confirmed that they will present an offer for the airports. On the other hand, FCC has definitely dismissed going for the bid.

The deadline for companies to bid will finish the upcoming Monday, February 6. The candidates may seek to gain all three airports, but will only be awarded one, according to the auction requirements established by the Brazilian National Agency of Civil Aviation (ANAC). The Spanish firms will compete against other well-known international names such as the German Fraport, the Asian Cahngi or the local ones Ecorodovias and CCR.

The privatisation of these airports comes some weeks after the Spanish government cancelled the sale of the two major Spanish hubs, Madrid-Barajas and Barcelona-El Prat, in order to revise the airport model.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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