ÁPV to invite new bids for airport after court ruling
Sunday, September 25, 2005, 00:00
Hungary must invite new offers for Budapest Airport Rt, the operator of Ferihegy Internatrional Airport, after a court ruling forced the government to halt a previous sale that had attracted bids as high as Ft 390 billion (nearly $2 billion). The State Privatization and holding (ÁPV) Rt will ask for fresh offers for operator Budapest Airport, spokesman Péter Oravecz said on Friday. BAA Plc, Fraport AG, Copenhagen Airports A/S, Hochtief AG and Macquarie Bank Ltd.'s Macquarie Airports have qualified to bid. The sale was moored after judges at Budapest's Capital Court decided last week the airport's management failed to consult workers on the transaction. Analysts said they don't expect potential buyers to be put off by the delay.