Indotek Group Selling Stake in Waberer's
Hungary's Indotek Group will sell its shares in listed Hungarian hauler Waberer's International, Waberer's said in an announcement posted on the website of the Budapest Stock Exchange this week.
Indotek Group has agreed to sell 15% of its 28.9% stake in Waberer's to the asset management unit of oil and gas company MOL, while the rest of the shares will be sold through an investment service provider, Indotek Group unit Trevelin told Waberer's.
"The funds released by the sale of the stake will enable Indotek Group to finance further domestic and international transactions," Trevelin said.
The transaction still requires regulatory approval.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
