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Budapest to get HUF 3 billion from waterworks

Deals

Budapest’s waterworks will pay HUF 3 billion to the city’s local government from the loan issued by the council for the company’s buyback.

Budapest sold its stake in the utility to Suez Environnement and Germany’s RWE in 1997 and decided last year to retake the asset. The total purchase price amounted to HUF 15.3 billion.

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