Airports Privatized for R$24.5B in Brazil

By Sarah de Sainte Croix, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The Brazilian government’s civil aviation agency (ANAC) received R$24.5 billion last Wednesday following the auction of concessions for three of the country’s biggest airports. The final value surprised economists by going almost five times higher than the minimum price of R$5.5 billion stipulated by the government.

The winning bid for the privatization of Subscribe to our Premium Membership Plan. Already Subscribed?