ÁPV shortlists five in Budapest Airport sale
Friday, August 26, 2005, 14:47
The State Privatization and Holding (ÁPV) Rt has on Friday shortlisted five companies in the privatization of Budapest Airport.
ÁPV had received three acceptable bids by July 5, and subsequently allowed further two consortia, Air Bridge (jointly owned by Hungarian and Russian entities) and ASBK Kft. (owned by Hungarian investors), to join the bidding process.
The five companies or consortia allowed to make a binding bid on Budapest Airport by the November 2 deadline are the UK-based BAA International Holding, Germanys Hochtief and Fraport-Deutche Bank, Australias Macquire and Denmarks Copenhagen Airports.
The prices offered ranged between net Ft 202 billion and Ft 390 billion. The airport's privatization will go ahead before the end of the year, Finance Minister János Veress confirmed.