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HVB to orchestrate Antenna sale

HVB Bank Hungary Rt will coordinate the forthcoming privatization of state-owned broadcaster Antenna Hungária Rt as an advisor to the State Privatization and Holding Rt (ÁPV), ÁPV decided yesterday. The privatization agency is going to sell its 75% stake plus one share in Antenna, with bids invited from potential advisors a public tender in the fall. Of the nine candidates who purchased the tender documentation, six submitted a bid by the Dec. 21 deadline. However, only three of the submissions were valid, including those of tender winner HVB Bank Hungary Rt, Erste Bank Investment Rt and CIB Central European International Bank Rt.