Wabererʼs to fund Polish acquisition via EUR 50 mln IPO


Hungarian road haulage company Wabererʼs announced Tuesday that it plans to raise EUR 50 million in an initial public offering (IPO) of its shares to be listed on the Budapest Stock Exchange, according to Hungarian news agency MTI.

Confirming an FT report two weeks ago that it is preparing for a listing on the Budapest Stock Exchange (BSE) in July, Wabererʼs said it aims to use EUR 32 million of the fresh capital to acquire Polish peer Link and the rest for general purposes.   

Wabererʼs signed an agreement to acquire Link in May. The Polish company has 427 trucks and 675 trailers, employing 956 people of whom three-quarters are truck drivers.   

Wabererʼs majority owner, private equity fund Mid Europa Partners (MEP), will also sell its ordinary shares in the IPO, Wabererʼs said. MEP bought out the companyʼs founder György Wáberer last summer, raising its stake from 56.8% to 97.1%. Wáberer retired from his active role in the business to focus on his work as the prime ministerʼs commissioner for developments in the haulage and logistics sector.   

Wabererʼs is the biggest haulier in Hungary with an average 3,549 lorries on the road last year. About 84% of those lorries were in international service.

Wabererʼs said free float after the IPO was expected to reach at least 50%. According to the earlier FT report, Wabererʼs is expected to have a market capitalization of more than EUR 500 million when it begins trading in Hungary, and is expected to be the fifth largest company listed on the BSE, after oil and gas company MOL, OTP Bank, Gedeon Richter and Magyar Telekom.


European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months


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.