Independent Law Firms In Europe: Hungary: Go Vienna
Ever-larger initial public offerings and expansion into Eastern Europe dominate the Austrian market, while the sale of Budapest Airport grabbed attention in Hungary. Lindsey Phillips reports
Growth in Hungary may have been strong in 2005, but questions were raised during last month’s Budapest riots – will the country’s independent firms suffer from the political turmoil? With deals in the pipeline, there is as yet no evidence of this. British airport operator BAA last month confirmed plans to sell its 75% stake in Budapest Airport to German construction leader Hochtief in a deal worth around €1.8bn (£1.2bn).
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