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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,Reutersreports. German construction groupHochtiefwill buy the airport stake.

    State-owned unit,National Asset Managementhad exercised its put option on June 15, 2011. The Hungarian unit currently owns a total of 37.3% of the airport operator.

    Click here for the story fromReuters.

    Click here for additional coverage fromBloomberg.

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