BSZL is under the process of being spun off from Mahart-Szabadkikoto Rt (Mahart Freeport), and will include the operating rights to the Csepel Freeport, as well as rights for the use of real estate and infrastructure that is to remain in permanent state ownership. Both the operating and land use rights are for 75 years.
APV is offering for sale a 99% stake in BSZL, which has registered capital of HUF 335 million (USD 1.6 million). Preliminary bids after the pre-qualification stage, including indicative price offers, are due September 26, while the deadline in the final round, with binding offers, is November 8.
Conditions for bidding include at least five years experience in operating a port or port terminal. Offers will be evaluated based on the price bid, the business strategy for operations, and the size of planned investments.
Mahart-Szabadkikoto recorded HUF 287 million net revenues in the partial year 2003, when the port's operations were separated from shipping firm Mahart. Operating losses were HUF 34 million, while pre-tax income was HUF 19 million. "By now, the port's revenues have reached HUF 1.5 billion, with a net operating margin of 5-10%," APV says.
