The transaction will raise MCC's stake in Libri Group to 98.41%.

SQ Invest owner, Ákos Balogh, will remain on Libri Group's board of directors to support the company's further development, MCC said.

The transaction must still be cleared by the Competition Office (GVH). 

MCC acquired a minority stake in Libri Group in April 2021.

Libri Group has a chain of 57 bookstores across the country.