Rousseff’s government was seeking to raise a minimum of 5.5billion reais from the auction for the rights to operatethree airports, but instead they saw contractors bid 24.5 billion reais($14 billion).

With the concessions fetchingfive times the minimum bid, the auction left losers look like winners. According to Bloomberg, shares in the only listed company among the “winners”, TPI -Triunfo Participacoes e Investimentos, fell as investors saw thepremium it offered to pay as too high, while the leaders of twolosing consortiums rose.

“They certainly overpaid, particularly for Guarulhos, wellbeyond what can be considered fair value,” said Daniela Bretthauer,an equities analyst with Raymond James. 
Here are the losers… we mean, winners:
Invepar: Guarulhos airport for R$16.2B (that’s R$4 billion morethan the second-highest bid)
Engevix: Brasilia airport for R$4B (about 7 times the minimum bid!)
Triunfo: Campinas airport for R$3.8B
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