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Airport Auction Tests Readiness for World Cup: Corporate Brazil

A $2.6 billion airports auction this week will test Brazil’s ability to attract major operators and revamp infrastructure before the 2014 World Cup and 2016 Olympics after a first sale drew criticism for failing to do so.

President Dilma Rousseff seeks the expertise and innovation of the world’s biggest airport managers in the Nov. 22 bidding. In 2012, companies from Brazil, Argentina and South Africa won rights to run three airports. Now potential suitors for the new concessions include Spain’s Ferrovial SA, overseer of London’s Heathrow airport, and Fraport AG, which directs Frankfurt’s hub.