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The auction took place at the São Paulo stock exchange this Thursday (18) and granted 15 airports to the private sector. Spanish company Aena bought São Paulo’s Congonhas Airport, the second busiest in Brazil.

The Brazilian company increased revenue from footwear exports to BRL 142.8 million (about USD 27.16 million) in the year’s second quarter. Grendene owns brands such as Melissa and Itapema, among others, and is one of the biggest global producers in the sector.

According to information released by the Ministry of Supply and Internal Trade, the price of the product imported from Brazil dropped 12% at official points of sale in the Arab country.