Hochtief plans to proceed with the purchase of Budapest Airport Zrt even as the Hungarian government seeks to sell the country's state airline, the terminal's biggest user.
Hochtief AG, Germany's biggest builder, which last month won European antitrust approval to buy the airport from Grupo Ferrovial SA's BAA Plc unit, has no intention of reviewing the purchase, said Donatella Gasser, a spokeswoman for the Essen-based builder's airport division.
Hungarian newspaper Magyar Hírlap reported earlier that Hochtief had stalled the purchase as it awaits the outcome of the sale of Malév Zrt, whose passengers account for 40% of Budapest Airport Zrt's traffic. Hungary on January 11 chose Airbridge Zrt, a local investment vehicle for OAO KrasAir owner Boris Abramovich, and Lithuanian airline owner LAL Investiciju Valdymas for talks to buy Malév. (Bloomberg)