Deals
Hungary Ups Ante in Budapest Airport Tussle With Higher Offer
- Hub’s owners expected to set out conditions for formal talks
- PM Orban’s government seeks to close airport deal this year
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The owners of Budapest Airport are considering entering into formal negotiations to sell the hub to the Hungarian state after receiving a revised offer, according to people familiar with the matter.
A government-led consortium put forward a new proposal to purchase a majority stake in the airport, the person said. The offer, received at the end of September, is higher than the earlier bid but is still considered to be below market value when compared with similar deals. Bloomberg reported in July that Budapest Airport had rejected an earlier offer, deeming it too low.