BAA submits final bid in auction of Hungary's biggest airport

City

BAA Plc, the operator of London's Heathrow airport, submitted a final bid to buy Budapest Airport Rt, operator of Hungary's international airport. The Hungarian Privatization and State Holding Co. is selling a 75% stake in the airport, which is on the eastern outskirts of the city. The other bidders are Fraport AG and Hochtief AG after Macquarie Airports and Copenhagen Airports A/S dropped out this month. Hungary is the first country in the region to put its main airport company up for sale and wants the buyer to upgrade and expand runways and terminal buildings. London-based BAA "confirms that it has submitted a final binding bid today," the company announced.

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Events