Budapest Airport to be sold to British or German bidder

City

In line with expectations, a total of three consortia have placed their bids on Hungary's Budapest Airport by the Monday deadline, Portfolio.hu reported. Two German groups and Britain's BAA are in race to acquire BA's 75%-minus-one-vote stake in the closed tender.
The State Privatization and Holding (ÁPV) Rt had invited five companies, out of which the following three submitted bids: BAA International Ltd (UK), Fraport AG Frankfurt Airport Worldwide (Germany), and Hochtief Airport GmbH and Hochtief AirPort Capital (Germany). Australia's Macquarie Airports and Copenhagen Airports of Denmark decided to withdraw.
Bids in the first offer were between Ft 202 billion and Ft 390 billion (€1.56 billion).

ADVERTISEMENT

Loan Officers Survey Indicates Increased Caution Banking

Loan Officers Survey Indicates Increased Caution

Gov't Guarantees on Liabilities Climb Over 9% of GDP in 2021 Government

Gov't Guarantees on Liabilities Climb Over 9% of GDP in 2021

Corvex Winds up Virtual Bank Card Project Fintech

Corvex Winds up Virtual Bank Card Project

European Capital of Culture Program Set to Boost Economy - N... Art

European Capital of Culture Program Set to Boost Economy - N...

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.