Hungarian government plans majority stake in Budapest airport – Journal
The Hungarian government wants to acquire a majority stake in the country’s main international airport in Budapest, the pro-government daily Magyar Nemzet reported on Friday, citing unspecified industry sources.
Budapest Airport is a fast growing mid-size airport that has benefited from a boom in low-cost travel, but faces a tough market due to the coronavirus pandemic which has sharply reduced the number of travelers .
Hungarian Prime Minister Viktor Orban has said he wants to see the airport in national hands, but so far its owners have shown no interest in selling it.
Today, the majority owner of the airport is the Canadian pension management group PSP, with just over 55%. Special Investments CPG Singapore and the Caisse de dépôt et placement du Québec in Canada each hold approximately 20%.
The Hungarian state currently has no stake in the airport, which was state-owned until 2005.
Hungarian media reported last year that local property management group Indotek was part of a consortium in negotiations to buy Budapest airport, citing Indotek owner and CEO Daniel Jellinek.
Indotek was leading a consortium of Hungarian and American companies, Jellinek said at the time, adding that none of the members had political connections.
Government spokesmen and Indotek did not immediately respond to requests for comment emailed to Reuters.
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