Budapest Airport shareholders halt talks on possible sale to Hungary govt

The shareholders of Budapest Airport have stopped the due diligence process over the possible sale of the airport to the Hungarian government, its majority shareholder told Reuters on Tuesday. It was not immediately clear what triggered the abrupt halt just a month after owners of the airport, a fast-growing, medium-sized hub that benefited from a boom in low-cost travel before the pandemic, agreed to start the process. The biggest shareholder with 55.44% is AviAlliance GmbH, formerly Hochtief AirPort GmbH, owned by Canada’s Public Sector Pension Investment Board (PSP Investments). “The shareholders of Budapest Airport have agreed to stop the due diligence process and to remain in dialogue with the Hungarian Government,” AviAlliance said. “AviAlliance is a committed long-term investor, whose interest is the sustainable development of Budapest Airport and the region,” it said. It did not say why the transaction was stopped.<br/>