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Notice to the Market - Extraordinary Review of Rebalancing of Viracopos Agreement

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NOTICE TO THE MARKET

EXTRAORDINARY REVIEW OF REBALANCING OF VIRACOPOS AGREEMENT
São Paulo, December 23, 2016 Triunfo Participações e Investimentos S.A. (“Company” or “Triunfo”) (BM&FBOVESPA: TPIS3) hereby announces that Aeroportos Brasil Viracopos S.A. (“Concessionaire”), received Letter no. 35(SEI)/2016/GERE/SRA-ANAC from the National Civil Aviation Agency (“ANAC”) regarding its analysis of the reestablishment of the economic and financial balance of the agreement, caused by ANAC Decision no. 121 of November 13, 2011, which unilaterally changed the airport tariff for imported cargo moved to other bonded facilities in the primary zone (cargo in transit TECATECA and international transit). 
 
Decision No. 190 of December 22, 2016 was published in the Federal Register on December 23, 2016, in Section 1 on page 206, which approved the 1st Extraordinary Review of the Concession Agreement of the Viracopos International Airport in the amount of R$209.9 million for the purpose of reestablishing the economic and financial balance of the agreement. The rebalancing will be made, after approval from the Ministry of Transport, Ports and Civil Aviation (MTPAC) through a revision of the fixed contribution payable by the concessionaire.
 
The Company believes that the amount for rebalancing the agreement relating to revenue from cargo on account of changes in the bid notice is higher than its calculations and should challenge the decision. The Company will keep its shareholders and the market informed of the subject matter of this notice. 
 
Click here for the PDF file.
 
 

 

23 December 2016