deutsche bank sees upside of 20-25 cents DB Sees Upside For MAP...

deutsche bank sees upside of 20-25 cents DB Sees Upside For MAP If Gets Budapest

1517 [Dow Jones] STOCK CALL: Deutsche Bank sees upside of 20-25 cents a share for Macquarie Airports if it's successful in its bid for 75% stake in Budapest Airport. Broker notes competition for high-growth asset likely to be hot after 10 groups shortlisted by Hungarian government overnight. "We see significant upside through acquisitions, including the potential further selldown of the Danish government of their stake in Copenhagen." Keeps Buy rating on MAP, targets A$3.70. MAP latest up a cent at A$3.44. (LMF)
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Budapest airport tender: MAp along with other companies and consortiums (11 -1) will wait to be listed to take part in the first round of its two-round tender must submit indicative bids by August 9. After the first round the bidders who get on a short list will be required to submit binding bids by November 2. Hungary plans to close the deal in 2005

Budapest airport is Hungary's principal international airport.

Calendar August 2: Proposed joint acquisition by Macquarie Airports Group and Spain's Ferrovial Group of Exeter and Devon Airport Ltd.

A report by Deutsche Bank expects $30 billion worth of equity in European airports to be sold over the next five years.