Hochtief to buy Budapest Airport from BAA Plc
Hochtief AG, Germany's biggest construction company, said it reached an agreement to buy Budapest Airport Zrt from UK's BAA Plc, Bloomberg reported.
Hochtief plans to buy Hungary's largest airport with Caisse de Depot et Placement du Quebec and KfW Group, Hochtief said in a statement to the German stock exchange. Hochtief will own 50% of the airport.
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.