Fraport lowers Budapest Airport offer

Elections

Fraport AG has lowered its bid for Budapest Airport Rt because of political uncertainty raised by Hungary's parliamentary opposition, daily Népszabadság reported. Former Prime Minister Viktor Orbán, head of the leading opposition party Fidesz, said August 28 he will review Hungary's state asset sales and re- nationalize some companies if he wins next year's elections. In a July 8 debate, Orbán told Prime Minister Ferenc Gyurcsány to scrap plans to sell Budapest Airport, calling it "the chicken that lays golden eggs.''
Hungary will today announce the winner of a bid for 75 % minus one vote in Budapest Airport and a 75-year license to operate and develop the country's largest international airfield. Fraport is competing with BAA Plc and Hochtief AG for the stake.

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Domestic