State, French co-investor acquire airport

The purchase agreement on the Hungarian state and an associated investor acquiring Liszt Ferenc International Airport has been signed, Marton Nagy, the national economy minister, said on Thursday. "We've got it back: the airport is once again in Hungarian hands," he said.

The purchase involving state-owned Corvinus Zrt acquiring an 80 percent stake was made in partnership with French-owned Vinci Airports, which acquired 20 percent, the minister said.

The purchase price was 3.1 billion euros. An agreement was reached with a consortium of lenders on extending 1.44 billion euros of loans taken out by Budapest Airport’s former owners, AviAlliance, owned by Canada’s Public Sector Pension Investment Board.

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