hungary, page-4

Looks like the other non MAP bidders are exposed to the dilution. :)

Hochtief top bidder in Budapest Airport sale-paper

BUDAPEST, Aug 30 (Reuters) Germany's Hochtief AG made the top bid, at 390 billion forints ($1.96 billion), for a 75 percent stake, minus one vote, in Budapest Airport, Hungarian daily Magyar Hirlap reported on Tuesday.

The newspaper cited unnamed sources familiar with the deal.

The second-highest offer came from Frankfurt Airport operator Fraport AG , followed by Britain's BAA Plc .

A spokeswoman for privatisation agency APV declined to comment on the matter.

APV announced a short list of five companies that made it to the second round of bidding on Friday.

The others were Denmark's Copenhagen Airports A/S and Australia's Macquarie Airports Holdings Ltd.

http://asia.news.yahoo.com/050830/3/26h0o.html