Hungary's state-owned Corvinus and French co-investor Vinci Airports has acquired Budapest airport from its main shareholder, AviAlliance, and minority shareholders, AviAlliance said in a statement on June 6. The acquisition cost 3.1 billion euros ($3.37 billion) with an extension of 1.44 billion euros worth of previously issued loans, the Hungarian Economy Ministry said in a statement. Corvinus became the majority owner of the airport with 80 percent, while Vinci holds 20 percent. The ministry said the Hungarian government and the French co-investor "will work to ensure that Budapest airport will become one of the best airports not only in the region but in the world." Prior to the sale, AviAlliance, owned by Canada's Public Sector Pension Investment Board, had been the main shareholder in Budapest airport.
