EGM approves CCR entry into the airport business
The company will invest US$ 214.5 million to acquire participation in the international airports
of Ecuador, Costa Rica, and Curacao
CCR, one of the largest infrastructure concession groups in Latin America, had its entry into the
airport business approved today, the 16th, by its shareholders through an Extraordinary
General Meeting (EGM). At the meeting, both the complement of the social object, including
the exploitation of airport infrastructure and the acquisition of participatory shares of the
international airports of Ecuador, Costa Rica, and Curacao were approved.
The value defined for the acquisition of these assets is US$ 214.5 million (Quito, in Ecuador –
US$ 140 million, with a 45.5% participation; San José in Costa Rica – US$ 50 million, with a
48.8% participation; and Curacao – US$ 24.5 million, with a 40.8% participation).
“The airport segment is characterized by its global reach, with private companies managing
some of the airports in major cities around the world. For CCR, entering this sector is an
opportunity for diversification and also enables its internationalization, based on consolidated
projects with total revenues estimated at more than US$ 180 million. With the acquisition of
these assets, CCR believes that it will be strategically positioned in the airport sector, achieving
an immediate differentiation within this market”, affirms Renato Vale, president of CCR.
CCR’s acquisition of the assets owned by Camargo Corrêa and Andrade Gutierrez is the result
of the two controlling shareholders’ decision to centralize their performances in this sector on
CCR. “In this manner they will continue to participate actively in the business, through a
company which consolidates the management of these assets with greater synergy, strength,
and ability to extend its value,” explains Vale.
History of CCR’s entry in the sector
Faced with the prospects for new business developments in the area of infrastructure, the
Executive Board of CCR decided to examine the possibility of the company to perform in the
sector of airport infrastructure.
For the analysis of this segment to be done in a transparent way, CCR has taken all the
measures foreseen by the best practices of the New Market of BM&FBovespa and the
Securities and Exchange Commission (CVM). The company has established an Independent
Committee, responsible for analyzing the potential acquisition of these assets, in alignment
with Instruction No. 35 of the CVM. This committee had the task of ensuring a fair process for
all CCR shareholders.
The final values reached in the negotiation with the selling shareholders were inferior to the
median of the recommendation contained in the report of the Independent Committee,
demonstrating the appropriateness of the acquisition to all shareholders.
Based on the recommendations of the report of the Independent Committee, and the
successful outcome of negotiations with the selling shareholders, the Executive Board of CCR
decided to convene an Extraordinary General Meeting (EGM) for the review and approval of
the complementation of the social object of CRC, including the exploitation of airport
infrastructure, and the acquisition of participation in international airports in Ecuador, Costa
Rica, and Curacao.
Thus, being aligned with best practices of transparency and corporate governance, the selling
shareholders of these assets declared themselves unable to exercise voting rights at the EGM
held today.
Companies that will be acquired by the CCR Group
Quiport (Quito International Airport – Ecuador)
Quiport is the concessionaire currently responsible for managing the Quito airport in Mariscal
Sucre, and for the construction of the city’s New International Airport, located 25 kilometers
from the Ecuadorian capital, which is under way.
The concessionaire has 100% of private capital and is comprised of large companies from
Canada and the United States, with which CCR will align itself.
Shareholders: CCR, AECON, Airport Development Corporation (ADC), HAS Development
Corporation (SH-DC)
Concession period: 30 years, expiring on January 31, 2041
Number of passengers: 5.2 million per year
Aeris Holding Costa Rica (San José International Airport – Costa Rica)
The Juan Santamaria International Airport is the main gateway to the territory of Costa Rica,
and a key partner for the development of the country. In July 2009, the State appointed Costa
Rica Aeris Holding SA as the company responsible for the construction, operation, and
maintenance of the airport.
Working in partnership with the State, it started a rapid and urgent transformation of the
terminal, benefiting the passengers with better service, and the airlines with better and more
profitable conditions to operate.
Shareholders: CCR, ADC & HAS Holding SA and three minority partners
Concession period: 25 years, expiring in May, 2026
Number of passengers: 3.5 million per year
Curacao Airport Partners NV (Curacao International Airport)
On August 1, 2003, Curacao Airport Partners initiated a 30 year concession contract for the
development and operation of the Curacao International Airport, in the Dutch Antilles.
The airport is located on the northern coast of Curacao, a few kilometers from the capital
Willemstad, strategically located for the transport of goods and the supply of fuel to the
Caribbean and Latin America.
The new airport terminal has been operating since July 2006 and has initial capacity to receive
1.6 million passengers per year, a volume that can be expanded to 2.5 million per year.
Shareholders: CCR, Zurich / IDC and Jansen de Jong Group
Concession period: 30 years, expiring in August, 2033
Number of passengers: 1.6 million per year
CCR, a history of qualified growth
Since its creation, in 1998, CCR has put into practice a solid plan for qualified growth, having at
its core the acquisition of new companies, the participation in public tenders, and the venture
into new sectors, such as passenger transport, electronic collection systems, environmental
vehicular inspection, and now, airport concession.
CCR has, among its main characteristics, a pioneering spirit coupled with good practices of
corporate governance. Its CCR Ponte concessionaire was responsible for the first highway
concession in the country, for the Rio-Niterói Bridge, in 1995. Sven years later, in 2002, CCR
was the first company to enter the New Market of the BM&FBovespa, inaugurating the most
demanding segment of the stock exchange. The company is also responsible for the first Public
Private Partnership (PPP) in the country, for the operation and management of São Paulo’s
yellow subway line 4 – Linha 4 Amarela, managed by its ViaQuatro concessionaire.
*inserir tabela de linha do tempo
1998 – The creation of CCR
2002 – CCR’s IPO, the first company of the New Market of BM&FBovespa
2003 – Acquires 38.25% of STP, which operates Sem Parar/Via Fácil
2005 – Concludes the acquisition of ViaOeste, which operates the Castello-Raposo System
2006 – Wins the country’s first PPP to operate the yellow subway line 4
2008 – purchases 40% of Renovias and wins public tender for the concession of Rodoanel
Oeste
2009 – Enters the market of environmental vehicular inspection with 45% of Controlar
2010 – Gains control over SPVias, opens office in Rio, and begins operation of line 4
2011 – Returns to the Corporate Sustainability Index of BM&FBovespa
2012 – Enters the airport sector and acquires participation of three international airports
* CCR began its activities in June, 1999
About the CCR Group: The CCR Group is one of the largest infrastructure concession groups in
Latin America, currently employing around 10 thousand collaborators. It controls 2.437
kilometers of highways under the management of the concessionaires CCR Ponte (RJ), CCR
NovaDutra (SP-RJ), CCR ViaLagos (RJ), CCR RodoNorte (PR), CCR AutoBAn (SP), CCR ViaOeste
(SP), CCR RodoAnel (SP), CCR SPVias (SP), and Renovias (SP), the last two through its controlled
CPC. The CCR Group also operates in correlated businesses, with a 38.25% participation in the
STP, which operates the electronic toll and parking payment system, and a 45% participation in
the social capital of Controlar, the concessionaire that operates the vehicular inspection
program of the City of São Paulo. Furthermore, CCR is also present in the passenger transport
business through São Paulo’s yellow subway line 4, Linha 4-Amarela, managed by its ViaQuatro
concessionaire, with a 58% share of the company’s social capital.
Press Office – CCR Group:
Edvaldo Chequetti – [email protected]
Rafaela Prieto – [email protected]
Marcia Glogowski – [email protected]
RP1 Comunicação
Tel.: 11 5501-4655
www.rp1.com.br
São Paulo, January 16, 2012