Hochtief announced last week that a consortium led by its Hochtief AirPort subsidiary signed an MOU with airports operator BAA for the "potential acquisition" of the British firm's stake in Budapest Ferihegy. BAA purchased a 75%-minus-one-share stake from the Hungarian government last year for £1.26 billion ($2.37 billion) (ATWOnline, Dec. 20, 2005). Hochtief said its stake in the consortium is "almost 50%." Other members are Caisse de Depot et Placement du Quebec of Montreal and KfW of ...

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