Frankfurt-based Fraport AG has signed concession agreements with the Brazilian government for managing and developing Brazil’s Fortaleza (FOR) and Porto Alegre (POA) airports. Fraport won concession rights for the two airports March 16, as part the Brazilian government’s airport privatization public auctions. Fraport bid €560.2 million ($595.5 million) for its 100% stake in the airports, and will run Fortaleza for 30 years and Porto Alegre for 25 years. Since its ...

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