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Wing says it is willing to sell postal HQ back to state at purchase price

Wing, the property development unit of Hungarian-owned holding company Wallis, is willing to sell the Budapest headquarters of state-owned postal services company Magyar Posta back to Hungary's national asset management company MNV at the price for which the company paid for the building in 2008, Wing informed MTI.

The state audit office ÁSz reported on September 2 that the sale of Magyar Posta's 19,000-square-meter headquarters derived 23% less revenue than expected and questioned the cost-efficiency of the sale.

Magyar Posta Spokesman Tamás Tomecsko told MTI on March 2, 2008 that Wing had won a tender for the purchase of the Magyar Posta HQ with a bid that exceeded the HUF 4 billion (€15.14 million)-plus-VAT asking price for the building. (MTI – Econews)