Gov't Raises Over EUR 700 mln to Finance Budapest Airport Purchase
Photo by Budapest Airport
With the recent sale of state-owned assets, the government has raised over EUR 700 million to finance the purchase of Ferenc Liszt International operator Budapest Airport, the Economic Development Ministry said on Friday, according to a report by state news wire MTI.
The ministry noted that the state had recently parted with its stakes in Erste Bank Hungary and Yettel Magyarország, while reducing its holdings in the local businesses of Vienna Insurance Group from 45% to 10%.
The sale of 66.9% stakes in the Magyar Posta insurance businesses is underway and a contract could be signed in the spring of 2024, it added.
The ministry said the purchase of the airport's operator was the "most complex deal since the fall of communism", but added that talks were advancing and had reached a phase in which the parties were "very close to a final agreement".
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