Three serious bidders, two potentially interested in Malév
Monday, February 28, 2005, 00:00
Of the nine companies that bought the tender documentation, five potential investors submitted a bid for a 99.95% stake in Malév Rt in a single-round public tender called by the State Privatization and Holding Rt (ÁPV). Three of the five submissions qualify as a bid, while the other two can ba classified as a statement of intent declaring interest in the privatization, ÁPV said. The privatization agency decided to invite bids for the state-owned majority stake in the ailing national airline and its Ft 30 billion debt for a second time. The final decision will be 80% based on the price offered by each contender, while their long-term plans for the future of Malév, with a minimum time frame of five years, will account for 20% of the total score. The identity of the bidders and the content of their applications will remain confidential until a decision is made, ÁPV said. The first attempt to sell Malév attracted one bid only, from Aviation Solution International, which was deemed invalid.