Brazilian transport company CCR SA plans to divest its 20 Latin American airports and stakes in five urban transport firms in Brazil, as it refocuses on its core toll road business. The move aims to raise 10 billion reais (€1.84 billion) to reduce debt and fund further highway investments.

Once focused on growing its airport portfolio, CCR is now stepping back, citing a fragmented market and the absence of a major hub in Brazil’s top cities. Despite this, the company remains open to future airport investments abroad.

Advising on the divestment are Lazard Inc. and Itau Unibanco Holding SA for the airport sales, while Goldman Sachs and BTG Pactual are handling the sale of urban mobility assets. Potential buyers include Flughafen Zürich and VINCI, both of which already have airport operations in Brazil.

Initial agreements are expected by the end of 2025.