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GL Events to buy Hungexpo Rt.

According to daily Népszabadság French GL Events SA's bid is likely to have won the privatization tender of Hungexpo Rt. GL Events and the other bidder German ECE Projektmanagement GmbH increased their original offer by almost Ft 5 billion in the tender to win a 77% stake of Hungexpo Rt. GL plans to spend further Ft 5 billion on the reconstruction of Hungexpo Rt's current premises. German ECE GmbH would build its new Ft 10 billion complex in a new area located near Ferihegy airport. After stopping the first tender, the government announced the new tender for the 77% Hungexpo Rt stake last August.