Hungary Today
07 June 2024
After almost 20 years, the Liszt Ferenc International Airport is back in majority state ownership. Following more than a year of intensive negotiations, the sale and purchase agreement of Budapest Airport Ltd. was signed on June 6, 2024, the Ministry for National Economy announced.
The repurchase of Budapest Airport Ltd. is the most complex and largest economic transaction of the post-communist period (since 1989), the ministry said in the statement. Negotiations between Corvinus International Investment Ltd. and VINCI Airports took place in two rounds. The deal was concluded with an international group of vendors, including AviAlliance (German airport operator), GIC (Singaporean sovereign wealth fund), and CDPQ (Canadian pension fund). An agreement was also reached with the international group of creditors financing the airport to finalize the transaction.
[Read more: Done Deal: The State Becomes Majority Owner of Budapest Airport (hungarytoday.hu)]
