Fraport scores double win in B razil airports privatization

Fraport scores double win in B razil airports privatization



  eTN Article:

During Brazil’ s 3rd round of airport privatizations determined at a public auction in Sao Paulo today, Fraport AG obtained a double win by putting the top bids of 1, 505. seventy five million Reais (about € 446. 81 million) for Fortaleza Airport terminal and 382. 01million Reais (about € 113. 36 million) intended for Porto Alegre Airport.   Because of this, Fraport emerged victorious against solid international competition vying for the 2 Brazilian airports currently operated simply by Brazil’ s state-owned Infraero.   Along with the concession price, Fraport will probably pay a fixed fee amounting to five-percent of the airport’ s annual income.   The concession will operate for 30 years at Fortaleza as well as for 25 years at Porto Alegre. Presently holding a 100 percent stake, Fraport will be the sole owner and individual of these concessions.   Thus, the particular concessions and future results is going to be fully consolidated at the Fraport Team level.

Following the takeover of the concessions, Fraport AG desires an additional accumulated EBITDA at the Team level resulting from the two airports associated with around 350 million euros throughout the first five years and a good accumulated negative contribution to the Team result ranging from the mid in order to high double-digit million euros. Because of the takeover of the concessions and the obligatory capital expenditure, Fraport AG needs an increase in Group net financial debt by up to around 700 mil euros in the first five many years.

Elated by the public sale results, Fraport AG executive plank chairman Dr . Stefan Schulte mentioned:   “ We are excited to begin working at Fortaleza and Porto Alegre airports soon.   Using our own extensive expertise, we are committed to additional developing both airports markedly for your benefit of the Brazil.   For the airline and passenger customers, we are going to quickly implement improved processes plus services as well as attractive Food & Beverage offerings. ”

Fortaleza’ s Pinto Martins Airport terminal (FOR) is strategically located in the government state of Ceará in the northeastern-most part of Brazil, which juts strong into the Atlantic Ocean.   Along with over four million inhabitants, the particular Fortaleza metropolitan region ranks 6th in the country.   FOR received five. 7 million passengers in 2016, making it the country’ s 12 busiest airports.   From 2006 to 2016, Fortaleza Airport signed up 6. 8 percent compound yearly growth (CARG). The 5. three or more square-kilometer airport site comprises one particular runway and one passenger terminal.

Porto Alegre’ s Salgado Filho International Airport (POA) serves as the particular gateway to Brazil’ s southern-most federal state of Rio Enorme do Sul, which has a population associated with over 10 million people.   POA welcomed 7. 6 mil passengers in 2016, making it Brazil’ s 9th largest airport simply by passenger traffic.   From 2006 to 2016, the airport’ ersus compound annual growth averaged seven. 3 percent.   Comprising an overall total of 3. 8 square kms, the airport has one catwalk and two passenger terminals:   Via the Aeromó vel people-mover, air flow travelers can shuttle to the close by Alegre Metro Airport Station just for trains to downtown Porto Alegre and other cities of the 4. a few million urban region – Brazil’ s fifth most populated and it is richest metropolis.

For even more information about Fraport AG, please check this: http://ots.de/aboutFraport

 

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