At the same time, Dr. Riad Naboulsi received a combined fine of HUF 14 million for completing the transaction prior to GVH’s approval.
Naboulsi is also the owner of dairy companies Kőrösstej and Caravanes while his latest acquisitions Wassim Sajt, Bábel Sajt and Dráva Tej have less than a 10% market share of their respective market segments in Hungary, as such the competition office ruled that their acquisition will have no harmful effects on competition, MTI added.
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.
