Hochtief not pressed to sell Budapest Airport
Hochtief is not pressed to sell its airport stakes, the company's chief financial officer, Peter Sassenfeld, said at a press conference in Essen, Germany, on Thursday. Germany's largest construction company, Hochtief, 49.86% owned by Spanish construction company ACS with 54.28% of voting rights, has a 49.66% stake in Budapest Airport, which operates Liszt Ferenc International Airport in Budapest. Hochtief decided to sell its European airport business in 2011, but the process was stopped last year due to market conditions. There is no time pressure, the stakes should not be sold underpriced, MTI quoted Sassenfeld as saying.
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.