Alteo acquires ALTE-A
Hungarian energy supplier and trader Alteo has acquired full ownership of asset manager ALTE-A for HUF 600,000, the company said on the BSE website on Tuesday.
Alteo is now the only shareholder of ALTE-A.
Alteo's consolidated revenue rose more than 400% to HUF 5.66 billion in 2010. Its consolidated EBITDA was HUF 390 million in 2010, after being in the red in 2009.
Alteo is majority owned by Hungary's Wallis Asset Management.
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