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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.