BAA still in, as Copenhagen withdraws

By Administrator |

BAA has confirmed that it is still interested in bidding for Hungary's Budapest Airport, while Copenhagen Airport has withdrawn following the acceptance of a takeover bid by Macquarie, which is already bidding for Budapest.

BAA and Australia's Macquarie Airports Holdings are seen as front runners for the deal, which attracted bids of nearly $2bn in the first round. Germany's Hochtief and Frankfurt Airport operator Fraport are also expected to bid in the second round. Hungary's state privatization agency APV is relaunching the tendering process as the previous one was cancelled when a Budapest court ruled it was invalid due to insufficient consultation with workers.

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