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State could close purchase of Ferenc Liszt 'any minute now' - Orbán

Deals

Photo by Budapest Airport/Róbert Baranyi

Prime Minister Viktor Orbán said the government could close the purchase of Ferenc Liszt International Airport Budapest "any minute now", according to a report by state news wire MTI.

During an official visit to Serbia, Orbán told public media that "it's only right" for the country's biggest international airport to be Hungarian-owned, adding that the economy is strong enough for the government to repurchase it.

If the state takes over the airport, developments could be undertaken that raise its stature "2-3 notches", Orbán said.

Ferenc Liszt operator Budapest Airport is owned by AviAlliance (55.44%), a holding of Canada's Public Sector Pension Investment Board (PSP Investments); Malton, a subsidiary of Singapore's state investment fund GIC (23.33%); and Canadian pension fund Caisse du Quebec (21.23%).

The state currently has no stake in the airport which was privatized in 2005.

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