Friday, July 14, 2017

Odebrecht closes sale of Riogaleão to China

The Odebrecht Transport announced this Thursday, 13, who closed the sale of your participation in Riogaleão, concessionaire who runs the international airport of Rio de Janeiro, to the HNA Infrastructure Chinese. The multinational, a partner in Blue, Airlines will pay R $60,000,000 by 31% slice of the Bahia group. The HNA will assume debt, granting of concession and a commitment to contribute $ $620,000,000. In addition to the Faa, which holds 49% of the airport, the Changi Singapore company holds 20% stake in the group. Since last year, the dealership came seeking an alternative to resolve their financial problems. With the fall in demand, due to the recession that plagues the Brazil, Group revenues were below expectations, making the payment of grants within. At the auction of concession, in 2013, the company agreed to pay R $19 billion in 25 annual installments over the life of the contract. With Odebrecht''s involvement in car wash Operation, the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) not cleared the long-term loan to continue investments in the airport.
Estadão - 14/07/17 News Item translated automatically
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