Kométa has spent some HUF 8 bln on investments over the past ten years, Pedranzini was cited as saying by state news agency MTI. The company had revenues of HUF 36 bln in 2016.
The Kaposvár municipality acquired 38% of the company in 2013 through a HUF 2 bln capital raise, in order to preserve jobs at the then troubled company. The Italian owners last year pledged to repurchase 33% by 2020 for HUF 1.735 bln. Almost half of the companyʼs output is sold in Italy.
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