KEG said in December that it had agreed to settle out of court a HUF 203 million forfeiture penalty with Ganz Híd, Daru és Acélszerkezet-gyártó in exchange for a 60% stake in the company’s German machinery and steel structures unit BERMA-GANZ. KEG also signed for a ten-year exclusive licensing agreement for BERMA-GANZ’s products in Egypt.
KEG noted at the time that the company expects to generate “significant revenue” from the stake in BERMA-GANZ.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
