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Brazil raises US$522 million with tender for 15 airports; Spain’s AENA big winner

Yesterday, the Brazilian government raised R$2.716 billion (about US$522 million) by bidding for 15 airports, including Congonhas, located in São Paulo's center and the second busiest in the country.

Total proceeds were nearly three times the government's minimum bid of R$938 million, or about US$180 million.

The bidding puts 92 percent of the country's air traffic in private hands since the Brazilian government launched tenders in 2011 to award airport management to the private sector.

The big winner of Thursday's tender was Spain's Aena, awarded the contract to manage . . .

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