Bids emerge for Austin-Bergstrom terminal

21 October 2019 - 12:00 am UTC

Vinci and Meridiam have emerged as bidders for Oaktree Capital Management’s Austin-Bergstrom International Airport’s South Terminal, said two sources familiar with the situation.

Management presentations have been completed with final bids due in early to mid-November. Other teams are also expected to bid.

Another party showing interest is Sao Paulo-based CCR, though it’s unclear if it intends to make a final bid, according to one of the sources.

Oaktree is undecided about selling its entire stake in the company, according to two sources. The firm was previously exploring a full sale, a partial sale or a capital injection. 

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