MercoPress. South Atlantic News Agency

Brazil awards European groups 30 year concession of four airports

Brazil awarded three European groups on Thursday the rights to operate four airports, drawing nearly double the minimum bids at an auction that underscored investors' appetite for a new wave of privatizations under President Michel Temer. German airport operator Fraport AG, French group Vinci SA and Zurich Airport bid a combined 1.46 billion reais (US$470 million) for the rights to run airports in Porto Alegre, Salvador, Fortaleza and Florianopolis. Read full article