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Congonhas Auction tests market interest; tax in Brazil inhibits capital

This Thursday (18th) is another one of those days when interest in long-term investments in Brazil is tested: this afternoon, the seventh round of concessions for airports in Brazil takes place, which puts 15 terminals on sale across 6 states of the Union.

Congonhas Airport (SP), the crown jewel of the Brazilian airline industry, is among them.

The concession model is of the “buy one, get several” type, and whoever takes Congonhas carries another 10 less profitable terminals. The Spanish operator Aena is the only one that presented a proposal for the bloc — other favorites to participate in the auction, such as CCR, were gradually leaving the dispute.

This Thursday’s episode of CNN Money also turns to the Brazilian tax system, one of the main obstacles pointed out by investors when it comes to long-term investments. Outside Brazil, the international market digests the inflation data from the euro zone, which came in line with expectations, and echoes the minutes of the Federal Reserve System, the central bank of the United States.

Presented by Thais Herédia and Priscila Yazbek, CNN Money presents a balance of news issues that influence markets, finances and the direction of society and power dynamics in Brazil and worldwide.

Source: CNN Brasil

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