The business plan of Hungary's state privatization agency ÁPV sees HUF 300 billion revenue in 2004, ÁPV's Chief Executive Officer Márton Vági said in an interview with daily Világgazdaság on Tuesday.
The plan is still to be approved. Vági said that HUF 265 billion would come from the sale of state stakes, while dividend payments would generate a further 26 billion, and the rest would come from other sources. ÁPV expects to pay HUF 154 billion to the budget.
The privatisation of mortgage bank FHB - in which the state holds a 50% plus one share stake --, and of Budapest Airport, still requires a government decision. Vági said that there were more and more technics and financial market products, which would allow to bring closer the apparently opposite intentions of buyers and sellers, and by which the risks of both sides could be reduced. ÁPV would look at the opportunity to use new privatisation methods at key privatisation deals, similarly to that of drug firms Richter last year.
Vági also said this year's transactions could include that of the sale of the state's remaining 11.8% stake in oil group MOL and the sale of a 73.71% stake in broadcaster Antenna Hungária.
Source: Portfolio online financial journal
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25.01.2005