ÁPV cancels Malév sale
Monday, August 22, 2005, 00:00
The State Privatization and Holding (ÁPV) Rt. has cancelled the sale of national airlines Malév Rt., ÁPV Chairman Tamás Mészáros announced on Friday. The board of ÁPV decided after thorough analysis that none of the bids met the privatization agency?s expectations and closed the tender with no result, Mészáros said. As reported previously, the sale of Malév came under heavy crossfire in recent weeks as both the opposition party Fidesz and the airline?s trade union called for stopping the privatization process, citing various reasons.