Privatization of Malév cancelled

Published: 29 August 2005 y., Monday
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The sale of Hungarian national airline Malév Rt has been canceled for the fourth time. State Privatization and Holding Rt (ÁPV) said on Friday it closed the tender for state-owned Malév without result. ÁPV was to choose between two bids: one from Airbridge, a consortium of Hungarian investors and the Boris Abramovich, the CEO of KrasAir and leader of the AiRUnion alliance of Russian airlines; and another from Aviation

Solution (ASBK), a consortium of Hungarian investors, including members of Malév's former management. ÁPV delayed a decision on the sale for 30 days at the end of July, and said it would start negotiations with Airbridge, the bidder with the best offer.

Šaltinis: BBJ
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