Manufacturing Industry
Fraport to team up with Deutsche Bank for Budapest Airport bid - report
Airline Industry Information, June 28, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
The operator of Germany's Frankfurt Airport is reportedly planning to collaborate with Deutsche Bank to make a bid for a stake in Budapest Airport, Hungary.
Fraport would hold 51% of the joint venture, according to the German newspaper Frankfurter Allgemeine Zeitung, which quoted Fraport's chief financial officer.
Deutsche Bank's role would reportedly be to look after the financing and structuring side, while Fraport would take care of the management and development of the Hungarian airport.
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