Taylor Wessing advises HOCHTIEF AIRPORT on €1.9bn airport acquisition and related financing

10-Jul-2007  |  Corporate, Finance, Projects

CLIENT

HOCHTIEF AirPort GmbH

VALUE

€1.9 billion

TRANSACTION

Acquisition of majority shareholding

DESCRIPTION

European law firm Taylor Wessing has represented HOCHTIEF AirPort GmbH (HTA), the airport-operating subsidiary of HOCHTIEF AG, in connection with the €1.9 billion acquisition by HTA and its consortium partners from BAA of a majority shareholding in Budapest Airport Zrt., the operator of Budapest International Airport.  The same Taylor Wessing team also advised in connection with the project financing arranged for the acquisition vehicle, Airport Hungary Kft.