Hungary has submitted a formal offer to buy a majority stake in Budapest Airport in a transaction that could be valued at about €4 billion ($4.3 billion), according to a person familiar with the matter, potentially ending years of wrangling over the hub’s fate.
The two parties are expected to now enter into formal discussions, said the person, who asked not to be named. Hungary is offering to buy 51% via a state-controlled investment company, while the remaining 49% is set to be acquired by another airport operator, the person said, without identifying that suitor.
The person said the offer was in the same ballpark as an earlier bid put forward by a consortium led by the Hungarian government in 2021. That effort collapsed due to the challenging economic environment the government was in at the time.
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