Are you sure?

Last wave of big privatisations could be concluded in 2005

The last wave of major privatisations is underway and could be concluded by the end of the year, national daily Népszabadság said on Monday. State asset management ÁPV Rt. will have then done its job, Tamás Mészáros, ÁPV Rt's Chairman told Népszabadság. A stake in oil company Mol, airport operator Budapest Airport, broadcaster and telecom Antenna Hungaria, mortgage bank FHB, national airline Malév and river shipping company Mahart are on the government's privatisation agenda, among other smaller items. Budapest Airport's 75% minus-one-vote stake is expected to be the largest revenue-generating item, at several hundred billion forints in privatisation value. A decision on the sale, which has been administered in three rounds for security and other professional reasons, is expected by November. It is estimated that the state's 75 % plus-one vote stake in Antenna Hungaria, will generate 44 billion Ft.