Hungary will sell 25% stake in Budapest Airport to Hochtief
Hungary will sell its 25 percent stake in Budapest Airport Zrt. to Germany’s Hochtief AG (HOT), which leads a group that owns the remainder of the equity, the National Development Ministry said.
The government will call its option to sell the stake, valued at about 36.6 billion forint ($200 million), to Hochtief by the June 18 deadline set when the majority of the equity was sold in 2005, the ministry said in an e-mailed statement today.
Hochtief’s Hungarian unit owns 37.7 percent of the airport.
via Hungary Will Sell 25% Stake in Budapest Airport to Hochtief – Bloomberg.
In Boedapest 