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Argentina Opens Bids to Privatize Intercargo, Sets $45.12 Million Floor

The tender tests the Milei administration’s push to open airport ground handling to competition.

Overview

  • The Economy Ministry’s Resolution 282/2026, published Thursday, opened a national and international tender on the CONTRAT.AR platform with questions due April 27 and bids due May 7.
  • The state will sell 100% of Intercargo, the airport ground-handling firm, as a going concern that keeps contracts and operations, with a floor price of $45.12 million based on a BICE valuation.
  • Bidders must show solvency and liquidity ratios of at least 1.20, post a 5% bid bond, and prove about 29.2 billion pesos in immediate cash to fund three months of operations.
  • The terms require at least 180 working days of service at current airports and bar bidders that control airport concessions or hold domestic air-work operator certificates, and the state will cancel Intercargo’s old exclusivity before closing.
  • The APA union is appealing in court to block the sale, and the government said 10% of privatization proceeds will go to Armed Forces equipment purchases.