Gov't makes non-binding offer for Budapest Airport - report
Image by Budapest Airport
Hungary's government has made a non-binding offer to buy Ferenc Liszt International operator Budapest Airport, news agency MTI reports, citing an article by conservative daily Magyar Nemzet.
Magyar Nemzet learned from industry insiders that Budapest Airport's owners said the government's non-binding offer was "below market value". The paper said Budapest Airport's owners had "rejected outright" the sale until recently.
Innovation and Technology Minister László Palkovics declined to comment on an ongoing matter when asked by Magyar Nemzet.
Hungary's government issued a mandate for Palkovics to start talks on reacquiring a majority stake in Budapest Airport in the spring.
"If the Hungarian state can again implement its positions regarding economic, transport and tourism development, as well as sustainability, in the operation of the biggest airport in Hungary, as an owner, it could contribute significantly to improving Hungary's competitiveness," the Innovation and Technology Ministry said at the time.
The ministry added that Liszt Ferenc International "shapes many foreign visitors' first impression" of Hungary and noted the "significant role" of further enhancing tourism in the economic recovery.
Budapest Airport is owned by Canadian airport management company AviAlliance (55.44%), Singapore's state investment fund GIC (23.33%) and Canadian pension fund Caisse du Quebec (21.23%).
Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March
Hungary Condemns Iranian Attack on Israel
Share of 1st Time Home Buyers Climbs
Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...
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.
