(People's Daily Online) China’s HNA Infrastructure on July 13 announced that it purchased a controlling stake of 51 percent of the stock of Brazil’s second busiest airport in Rio de Janeiro at 108 million yuan.
The purchase was made between HNA Infrastructure and Brazilian engineering group Odebrecht, which controlled 51 percent of the stock in Rio de Janeiro Aeroportos S.A. (RJA). The remaining 49 percent stake is controlled by Singapore Changi Airport Group. The Chinese company also plans to invest 2.16 billion RMB to pay for the airport’s licensing rights.
This marks the latest purchase by HNA Group after it acquired a 82.5 percent stake in the Frankfurt-Hahn Airport in March.
According to Caixin.com, the group has announced over $40 billion in acquisitions and investments overseas, making the group one of China’s most aggressive dealmakers in the global market.
Rio’s international airport recorded 17 million passengers in 2016. The annual revenue of 2016 was 1.2 billion Brazilian real, but the net loss was at 351 million real. (For the latest China news, Please follow People's Daily on Twitter and Facebook)