Ad-hoc | 20 October 2006 14:07
HOCHTIEF Aktiengesellschaft intends to acquire a majority shareholding in Budapest Airport
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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HOCHTIEF Aktiengesellschaft intends to acquire a majority shareholding in
Budapest Airport
On 18 October 2006, a consortium, with HOCHTIEF AirPort GmbH as leading
partner, has signed a Memorandum of Understanding with BAA for the
potential acquisition of BAA’s interests in Budapest Airport. HOCHTIEF
AirPort is a 100 % subsidiary of HOCHTIEF Aktiengesellschaft. HOCHTIEF’s
participation in the consortium is almost 50 %. The other consortium
members are Caisse de Dépot et Placement du Québec, Montréal, and KfW,
Frankfurt.
BAA holds 75% minus 1 share of Budapest Airport. BAA purchased this
participation in the privatization of Budapest Airport for a
consideration of approximately EUR 1.9 billion in December 2005.
BAA and the HOCHTIEF consortium seek to finalize the acquisition in
the fourth quarter of 2006, subject to Hungarian government consent.
Budapest Airport is the biggest international airport in Hungary.
(c)DGAP 20.10.2006
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Language: English
Issuer: HOCHTIEF Aktiengesellschaft
Opernplatz 2
45128 Essen Deutschland
Phone: +49 (0)201 824-1833
Fax: +49 (0)201 824-2750
E-mail: investor-relations@hochtief.de
WWW: www.hochtief.de
ISIN: DE0006070006
WKN: 607000
Indices: MDAX
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard),
Düsseldorf, Hamburg, München; Freiverkehr in Hannover,
Stuttgart
End of News DGAP News-Service
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