Categories: Europe

The Hungarian government made an offer to buy Budapest Airport Stake

Budapest: The Hungarian government has submitted a binding offer to the Budapest airport shareholders to buy the airport, said the Avialliance GmbH operator on Monday.
The Prime Minister Viktor earlier this year, this year expressed interest in buying a majority shares at the Hungarian Main International Airport who said that the privatization had opposed the country’s “strategic interests”.
Orban, a nationalist often in Loggerheads with the European Commission in various problems, has said he wants to see the airport in domestic hands, but until now the owner said he was not interested in selling it.
The top shareholders with 55.44% are Aviallance GmbH, former Hochtief GmbH Airport, which is owned by the Canadian Public Sector Pension Investment Agency (PSP Investments).
Special investment of GIC Singapore and Caisse de de De de De et Placement du Québec each holds a little more than 21%.
“We can confirm that the Hungarian government made a binding offer to shareholders Budapest Airport.
Regarding the interests of our shareholders and for legal reasons, we are obliged to review potential offers,” Avialliance said in an email reply to Reuters to Reuters.
question.
“Even so, this NBO is not initiated by us.
Aviallance is a long-term investor committed, we sincerely hope to continue to invest at this airport.” Government spokesman refused to comment.
The Organism of the Organ has expanded state ownership in several sectors since he served in 2010.
The country currently does not have shares at the airport, which was privatized in 2005.
Budapest airport is a fast and medium-sized growing airport that has benefited from a boom in a low-cost trip , but face a difficult market because of a pandemic.
Aviallance, who accommodated interest in five airports including Hamburg, Dusseldorf and Athens, said that all European airports, Budapest had been greatly influenced by Covid-19.
“However, we continue our investment in airport infrastructure and operations during the current crisis because we believe in rapid economic recovery and long-term growth potential,” he said.

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