Malev privatization hits a snag

Hungary apparently will not be able to sell national airline Malev because the three parties that submitted bids all offered too little for the carrier, according to Reuters, which quoted a story in business daily Napi Gazdasag. It was the government's second attempt in less than six months to sell the airline. All three bids offered between 150 million forints ($780,200) and 200 million forints and the parties also agreed to assume some of Malev's 35 billion forint debt, the report said. ...