Home Business ANAC OKs Odebrecht’s Rio airport stake sale to China’s HNA

ANAC OKs Odebrecht’s Rio airport stake sale to China’s HNA

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National Civil Aviation Agency or ANAC granted preliminary approval on Monday to the sale of Odebrecht SA’s controlling stake in the nation’s second-busiest international airport to China’sHNA Airport Holding Group Co Ltd.

Antonio Carlos Jobim International Airport, popularly known by its original name Galeão International Airport, is the main airport serving Rio de Janeiro. It is the Brazil’s second-busiest international airport.

HNA reached a deal in July to purchase a 60 percent stake in an investment vehicle known as Rio de Janeiro Aeroportos SA, which holds a controlling stake in the Rio de Janeiro international airport, from a subsidiary of Brazilian engineering conglomerate Odebrecht SA.

Singapore’s Changi Airports International Pte Ltd holds the remaining 40 percent of the Rio de Janeiro Aeroportos investment vehicle. The Brazilian government is a minority stakeholder in the airport through agency Infraero.