Infraero eyes 2016 IPO for domestic airports

Brazil's state airport operator, Infraero, plans an initial public share offering this year for a CE Gustavo do Vale said he would hire state lender Banco do Brasil to model an IPO for the subsidiary and gauge market conditions for the best timing. "There will be a holding company with airport assets including (Sao Paulo's) Congonhas and (Rio's) Santos Dumont," Vale said. "We plan to list that company as soon as possible, preferably this year." President Dilma Rousseff has made repeated efforts to court private investment for Brazil's fragile transport infrastructure, including a series of airport concessions in the run-up to the 2014 World Cup. Those measures granted private engineering consortia the right to co-operate international airports in several host cities in exchange for building and overhauling terminals.<br/>