Airport deal
Premium Content
24 April 2008
A consortium led by Hochtief AirPort has signed an agreement to acquire UK airport operator, BAA's majority shareholding in Budapest Airport. BAA bought its 75% minus one share holding in the Hungarian airport in December for € 1,9 billion. However, the airport no longer fits with BAA's strategy following the its acquisition by Ferrovial, which intends to focus on its UK airports.
Hochtief AirPort, a wholly owned subsidiary of Hochtief has a 50% interest in the consortium, and its partners are Caisse de depot et placement du Québec and investment group KfW.
An object lesson in adapting gensets to local rules, applications and lead-time pressures – key factors in a successful market entry
The hidden costs of equipment downtime start long before failure
Examining how proven technology can help airport fleets balance uptime, cost, flexibility and lower emissions