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Sale of Budapest Airport Moves Closer

• 16 Nov 2021 9:26 AM
• Hungary Around the Clock

The owners of Budapest Airport have initiated a due diligence procedure with the Hungarian government, majority owner AviAlliance announced, in what is a possible first step towards selling the airport.

AviAlliance also confirmed that a consortium led by the Hungarian government had submitted a revised, non-binding takeover bid for the airport.

AviAlliance said the Hungarian government had accepted its conditions for the start of formal negotiations, so it decided to start the screening process.

“While this is potentially the first step towards selling the airport, we want to emphasise that the outcome of the process is not predetermined, the document said.

According to market rumours, the government is willing to pay up to €4.4 billion for Budapest Airport.

Earlier reports said that MOL and Dániel Jellinek, head of the Indotek group, would be part of the bidding consortium.

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Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

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