Wing sells building market leader Market Építő
Hungarian-owned private property developer Wing sold its 51% stake in Hungarian construction company Market Épitő to Garharrt Invest 2014, Hungarian news agency MTI reported yesterday.
The sale price was not disclosed. Market Épitő, minority owned by Sándor Scheer, a private person, had a revenue of HUF 35.5 bln last year. Retained earnings came to HUF 772 mln.
Its new owner, Garharrt Invest 2014, is not yet publically registered as a company.
Market Épitő has been a member of the Wing group for more than 12 years. During those years, the compay’s revenue rose ten-fold and became a leader on the building market.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
