BBC NEWS | Business | BAA seals Budapest airport deal

BBC NEWS | Business | BAA seals Budapest airport deal: "BAA is to take over the running of Budapest airport after triumphing in Hungary's largest privatisation.
The Heathrow and Gatwick owner made a �1.2bn (1.8bn euros) offer to buy a 75% stake in Ferihegy airport, which the government is privatising.
BAA will assume responsibility for the airport - one of the fastest growing in Europe - on 23 December.
Unions representing airport staff have criticised the sale, staging a strike over fears of job losses.
Booming airport
As well as gaining a controlling interest in the business, BAA has secured a 75-year licence to run the airport.
It is the biggest privatization in BAA's history

Mike Clasper, BAA chief executive
BAA outbid consortia headed by German companies Hochtief and Fraport.
'It is the biggest privatisation in Hungary's history and it is the biggest privatization in BAA's history too,' said chief executive Mike Clasper.
The airport is being sold to help finance its future development.
The number of passengers using the airport is rising sharply, boosted by the growth in budget airlines over the past 18 months.
Almost seven million passengers used the airport in the past 10 months, 27% higher than over the same period last year.
Budget airlines have flocked to the airport since Hungary joined the EU in May 2004.
There have been concerns that the deal - likely to be funded by BAA taking on additional debt - could constrain the company financially.
As well as the purchase price, the successful bidder will be obliged to invest �265m in upgrading the airport."