ADVERTISEMENT

Waberer's buys rival, port operator

Tourism

Waberer's Holding Zrt, Hungary's largest shipping company, bought its biggest local rival and a stake in the country's largest river port, CEO György Waberer told daily Népszabadság.

Budapest-based Waberer's purchased rival Révész Eurotrans Kft and a 50% stake in Multicont Logistics Zrt, which runs Hungary's largest port on the Danube in Budapest, Waberer said in an interview. The price wasn't disclosed for either transaction.
The purchase of Révész will boost the number of Waberer's Holding's trucks in international traffic by 500 to 2,000 and the company plans to buy a further 200, the CEO said.

 

Waberer's expects operating profit at Ft 4 billion on revenues of Ft 100 billion forint this year, up from a Ft 1.5 billion profit on revenues of Ft 60 billion last year.

ADVERTISEMENT

MKIK: Local business tax should be maintained Analysis

MKIK: Local business tax should be maintained

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.