Odebrecht close to selling stake in Brazil airport to Canada's PSP: Reuters
Brazilian construction conglomerate Odebrecht SA is close to announcing the sale of its stake in Rio de Janeiro's international airport to Canadian pension fund manager PSP Investments, a source with direct knowledge of the matter told Reuters. The sale of Odebrecht's 60 percent stake in Rio de Janeiro's airport operator RioGaleão is expected to bring a solution to an impasse over debts with the Brazilian government. RioGaleão, in which Singapore's Changi Airports International also has a stake, needs to pay around 4 billion reais (US$1.26 billion) to the government to maintain rights over the terminal's management, the source said.
15 March 2017•2 mins read
