26.08.05
The Hungarian government announced a short list of five bidders for Budapest airport on Friday. The shortlist include three leading European airport operators - BAA of the UK, Fraport of Germany in a consortium with Deutsche Bank, and Denmark's Copenhagen airport.
The shortlist also includes Macquarie Airports Holdings (the Australian listed international airport fund) and Hochtief (the German construction group and airport investor).
One of the five selected bidders placed an indicative bid of €1.6bn, well in excess of the $1bn valuation originally forecast by investment bankers. The highest bid was 390 billion Hungarian forints ($1.95 billion) and the lowest 202 billion ($1.01 billion).
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