Hungary Sells $192.5M Airport Stake

Hungary is selling a 25% stake in Budapest airport, which is valued at $192.5 million.

Hungary is selling a 25% stake in Budapest airport, which is valued at $192.5 million, Reuters reports. German construction group Hochtief will buy the airport stake. State-owned unit, National Asset Management had exercised its put option on June 15, 2011. The Hungarian unit currently owns a total of 37.3% of the airport operator.

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