The Hungarian privatization agency APV yesterday announced a renewed attempt to privatize Malev. Bidders will have to acquire the state's complete 99.95% stake in the carrier and take on all its debt, which was reported to be HUF36.2 billion (US$176.1 million). The bidders' proposals must include plans for a capital increase, possibly in several installments -- the first of which must be paid within 30 days after the sale. The acquirer is also expected the preserve the company's ...


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