The NFA launched the appeal because it considered state-owned land leasing contracts acquired by Hubertus through the privatization to be unlawful and “against good morals”. Through the contracts, Hubertus gained the right to rent 7,725 hectares of land for HUF 10 per hectares for 99 years.
Hubertus made several offers in the past and would be ready to pay market price for the land, but it would require the state to take part in the water governance costs of the area as it does for other state-owned rented land, Gyula Hubay the legal representative of Hubertus said following the Curiaʼs decision.
Hubertus Agráripari is majority owned by German company Hubertus Agrarindustrielle.
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