Published: December 23 2023
The Hungarian government has recently sold state-owned assets in order to raise funds for the acquisition of Budapest Airport, the operator of Liszt Ferenc International airport. This sale has generated over 700 million euros for the government's financing purposes.
Sale of State-Owned Assets
The government has recently sold its stakes in Erste Bank Hungary and Yettel Magyarország, and has reduced its holdings in the local businesses of Vienna Insurance Group. The sale of stakes in the Magyar Posta insurance businesses is currently in progress, with a potential contract to be signed in the spring of 2024.
Acquisition of Budapest Airport
The purchase of the operator of Budapest Airport is regarded as the "most complex deal since the fall of communism" by the economic development ministry. The ministry has stated that talks are progressing well and that the parties involved are nearing a final agreement. Prime Minister Orbán has also commented that the purchase of Budapest Airport is nearly finalized and that only technicalities remain. The announcement of the transaction can be expected in the near future.
Conclusion
The Hungarian government's sale of state-owned assets has provided substantial funds for the acquisition of Budapest Airport. This deal is considered significant and is expected to be announced soon.
Questions & Answers
What assets did the Hungarian government sell to finance the purchase of Budapest Airport? The Hungarian government sold its stakes in Erste Bank Hungary, Yettel Magyarország, and reduced its holdings in the local businesses of Vienna Insurance Group.
How much money did the Hungarian government raise from the sale of state-owned assets? The Hungarian government raised over 700 million euros from the sale of state-owned assets.
What is the progress of the purchase of Budapest Airport? According to the economic development ministry, talks regarding the purchase of Budapest Airport's operator are advancing, and the parties are very close to a final agreement. Prime Minister Orbán has stated that only technicalities remain and the transaction can be announced any day.
When could the sale of 66.9 percent stakes in the Magyar Posta insurance businesses be completed? The sale of 66.9 percent stakes in the Magyar Posta insurance businesses is underway, and a contract could be signed in the spring of 2024.
Why is the purchase of Budapest Airport's operator considered the "most complex deal since the fall of communism"? The purchase of Budapest Airport's operator is considered the most complex deal since the fall of communism due to the intricacies involved in the transaction.
What other articles are available for more information about Budapest Airport? For more information about Budapest Airport, you can read the articles "New Ryanair flight announced from Budapest to this European city" and "Major changes on Budapest airport shuttle 100E in January".
