Budapest Airport parent Hochtief set to get €1.3 billion from sale of airport assets
Germany's Hochtief can expect to get more than €1.3 billion from the sale of its airport assets, which include Liszt Ferenc International Airport operator Budapest Airport, Reuters reported on Tuesday, citing several people familiar with the talks.
Three bidders are left in the running for the assets, which include stakes in airports in Athens, Budapest, and the German cities of Dusseldorf and Hamburg, as well as Sydney and Tirana. French construction group Vinci, China's HNA and a consortium of airport operator Fraport and Deutsche Bank fund RREEF are all offering about the same amount, two sources told Reuters.
Frankfurt airport operator Fraport, which is also eyeing a bid for Spain's Madrid and Barcelona airports, is only interested in the international portfolio, with RREEF agreeing to take on Dusseldorf and Hamburg to avoid competition problems, Reuters said.
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.