Fraport lowers Budapest Airport offer

Elections

Fraport AG has lowered its bid for Budapest Airport Rt because of political uncertainty raised by Hungary's parliamentary opposition, daily Népszabadság reported. Former Prime Minister Viktor Orbán, head of the leading opposition party Fidesz, said August 28 he will review Hungary's state asset sales and re- nationalize some companies if he wins next year's elections. In a July 8 debate, Orbán told Prime Minister Ferenc Gyurcsány to scrap plans to sell Budapest Airport, calling it "the chicken that lays golden eggs.''
Hungary will today announce the winner of a bid for 75 % minus one vote in Budapest Airport and a 75-year license to operate and develop the country's largest international airfield. Fraport is competing with BAA Plc and Hochtief AG for the stake.

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