Deals
Fraport Looks at Brazil Entry as Airport Rivalries Grow
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Fraport AG, the operator of Europe’s third-busiest airport, is looking at entering Brazil as competition intensifies with financial investors and construction companies running global aviation hubs.
The owner of Frankfurt airport is seeking assets in emerging economies, including locations in Africa, that may boost earnings faster than growth from units in developed nations, said Alexander Zinell, the head of Fraport’s global investments. The company is also considering additional projects in Turkey, potentially increasing competition there with Aeroports de Paris.