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Singapore's Changi seeking new partner for Rio airport, operator says

Reuters  |  BRASILIA 

BRASILIA (Reuters) - [CHAP.UL] is seeking a potential new partner for its investment in Rio de Janeiro's Galeão international airport, the president of the company that operates the concession said on Monday.

Luiz Rocha told reporters, after meeting with Finance Minister Henrique Meirelles, that was seeking a possible new investor in case its existing partner, Brazilian conglomerate Odebrecht SA [ODBES.UL], leaves the project. partnered with Odebrecht in 2013 for the rights to expand and operate Galeão.

Rocha also voiced confidence that state development bank BNDES would disburse a long-term loan to help finance the company. Newspaper Valor said in August that BNDES has declined credit to Galeão because of charges against Odebrecht in a sweeping corruption probe that has rocked Brazilian politics and businesses over the past two years.

(Reporting by Leonardo Goy; Editing by Daniel Flynn)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Singapore's Changi seeking new partner for Rio airport, operator says

BRASILIA (Reuters) - Singapore Changi Airport [CHAP.UL] is seeking a potential new partner for its investment in Rio de Janeiro's Galeão international airport, the president of the company that operates the concession said on Monday.

BRASILIA (Reuters) - [CHAP.UL] is seeking a potential new partner for its investment in Rio de Janeiro's Galeão international airport, the president of the company that operates the concession said on Monday.

Luiz Rocha told reporters, after meeting with Finance Minister Henrique Meirelles, that was seeking a possible new investor in case its existing partner, Brazilian conglomerate Odebrecht SA [ODBES.UL], leaves the project. partnered with Odebrecht in 2013 for the rights to expand and operate Galeão.

Rocha also voiced confidence that state development bank BNDES would disburse a long-term loan to help finance the company. Newspaper Valor said in August that BNDES has declined credit to Galeão because of charges against Odebrecht in a sweeping corruption probe that has rocked Brazilian politics and businesses over the past two years.

(Reporting by Leonardo Goy; Editing by Daniel Flynn)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Singapore's Changi seeking new partner for Rio airport, operator says

BRASILIA (Reuters) - [CHAP.UL] is seeking a potential new partner for its investment in Rio de Janeiro's Galeão international airport, the president of the company that operates the concession said on Monday.

Luiz Rocha told reporters, after meeting with Finance Minister Henrique Meirelles, that was seeking a possible new investor in case its existing partner, Brazilian conglomerate Odebrecht SA [ODBES.UL], leaves the project. partnered with Odebrecht in 2013 for the rights to expand and operate Galeão.

Rocha also voiced confidence that state development bank BNDES would disburse a long-term loan to help finance the company. Newspaper Valor said in August that BNDES has declined credit to Galeão because of charges against Odebrecht in a sweeping corruption probe that has rocked Brazilian politics and businesses over the past two years.

(Reporting by Leonardo Goy; Editing by Daniel Flynn)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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