BAA may back public share sale of Budapest Airport
Tuesday, October 18, 2005, 13:57
BAA Plc may back a public offering of Budapest Airport Rt stock, a company it is bidding to buy, as part of the government's share offering, news portal Origo reported without citing anyone. As reported earlier Budapest Stock Exchange Chairman Attila Szalay-Berzeviczy yesterday urged the government to make a public offering part of the airport operator's sale. The Budapest bourse is majority-owned by HVB Group, whose Hungarian CA IB Rt. unit is advising BAA in the bid. Hungary is offering 75% plus one vote in Budapest Airport, which operates the country's largest international airport. The government received offers as high as Ft 390 bln from bidders that included BAA, Fraport AG, Copenhagen Airports A/S, Hochtief AG and Macquarie Airports. BAA Chief Executive Mike Clasper said May 27 he would be willing to take a 50% stake in the airport operator and isn't opposed to a public offering.