Hungary to Buy 80% of Budapest Airport Despite Fiscal Crunch
- Government plans to wrap up deal in weeks: Economy Minister
- Premier Orban prioritizing hub’s purchase despite fiscal woes
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Hungary is finalizing the purchase of Budapest Airport Zrt., pushing ahead with a multi-billion dollar acquisition despite a fiscal crunch.
The government will initially buy 80% of the hub, with French conglomerate and airport operator Vinci SA taking the rest, Economy Minister Marton Nagy told reporters on Tuesday. He reiterated plans for the Qatar Investment Authority to join the consortium later. He declined to elaborate on the purchase price.