Siqueira Castro Advogados advised on the transaction
Fraport AG has signed the concession agreements with the Brazilian government for managing and developing Fortaleza (FOR) and Porto Alegre (POA) airports.
Following its double airport win at the government’s public auction on March 16, 2017, Fraport AG has been planning and creating the foundation for the new Fraport Brasil airport companies, which are expected to take over operations at the Fortaleza and Porto Alegre gateways by the beginning of 2018. Before the concession signing could take place, Fraport AG had to establish Brazilian subsidiaries.
Under the terms of the concession agreements, Fraport Brasil is required to develop the infrastructure at Fortaleza and Porto Alegre airports via a so-called Mandatory Construction Program that includes expansion of the existing terminals, extending the existing runways, refurbishing taxiways and apron areas, and re-designing the airport road system. Furthermore, both airports will receive new automated baggage management and security screening systems, and new aircraft boarding bridges. In addition, numerous refurbishment projects will be carried out at the existing passenger terminals of FOR and POA. Free high-speed Wi-Fi will also be introduced in passenger areas to improve the customer experience.
Siqueira Castro Advogados advised Fraport AG Frankfurt Airport Services Worldwide with Fernando Villela de Andrade Vianna (Picture), Sergio Ricardo Fogolin, Renato Otto Kloss, Simone Paschoal Nogueira, Carlos Eduardo Vianna Cardoso, Maucir Fregonesi Júnior, Renata Martins, André Giusti, Marina Vieira Freire, Iris Zimmer Manor, Rodrigo Calazans Macedo, Lorena Silva Guimarães, Vera Leitão and Daniel Clarke.
Involved fees earner: Fernando Villela de Andrade Vianna – Siqueira Castro Advogados; Renato Otto Kloss – Siqueira Castro Advogados; Sérgio Fogolin – Siqueira Castro Advogados; Maucir Fregonesi Junior – Siqueira Castro Advogados; Carlos Eduardo Vianna Cardoso – Siqueira Castro Advogados; Simone Paschoal Nogueira – Siqueira Castro Advogados;
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