Pauwels submits bid for Transelektro

Tourism

Pauwels International N.V., the Belgian subsidiary of Indian Compton Graves International, has submitted a bid to buy the shares of Ganz Transelektro Zrt, daily Népszabadság said. Transelektro’s owners and lenders are due to meet today to take a decision if they accept the bid. Transelektro’s general assembly will convene tomorrow. The new owner would also buy Transelektro’s machine factory in Tápiószele, central Hungary, which employs 96 people, but according to press information, PI would sell the factory on. The refusal of Pauwels’ offer will make it inevitable to liquidate Transelektro, Népszabadság said.

ADVERTISEMENT

EU-funded fact-checking website in Hungary launches Analysis

EU-funded fact-checking website in Hungary launches

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

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.