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Argentina Extends Intercargo Privatization Deadline and Excludes Boarding-Bridges

The move signals an effort to draw more bidders by clarifying what is for sale.

Overview

  • The Milei government, which on Thursday published Resolution 521 in the Boletín Oficial, pushed the offer deadline to June 10 from May 7.
  • Interested firms can now review the tender documents on the CONTRAT.AR portal through May 26.
  • The revised terms remove passenger boarding-bridge connections from Intercargo’s scope, with airport operators expected to run those systems.
  • The auction offers 100% of the company with a minimum price of about US$45.12 million and a full state exit from ownership.
  • The sale transfers Intercargo as a going concern that keeps its contracts and licenses, in a market opened by late-2024 deregulation that ended its de facto monopoly and authorized about a dozen rivals.