Budapest airport in €1.1 bln Hochtief sell-off
Hochtief, Germany’s largest construction company is to sell all its interests in airports worldwide – among them its 49.6% stake in Budapest Airport – to the Canadian Public Sector Pension Investment Board for about €1.1 billion, Xpatloop said. Hochtief intended to sell its airport division early last year but was unable to find a buyer for its holdings in Greece, Australia, Albania, Germany and Hungary at an intended price of €1.5 billion. In the abovementioned airports, Hochtief-related airports handle about 95 million passengers annually.
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