Hungary pays €7 mln to buy out Bombardier
Hungary will pay €6.9 mln to buy out the foreign-owned stake in Bombardier Transportation MAV Hungary, a joint venture between the rolling stock maker headquartered in Germany and the Hungarian railway company, daily Népszabadság said yesterday, citing shareholding employees of the joint venture.
The National Development Ministry announced the decision late in September but did not disclose the purchase price for the 64.9% foreign-owned stake. MAV holds 25% of the JV. The JV had a net loss of HUF 260 mln on revenue of HUF 6.7 bln last year. It finished the year with net assets of HUF 3.2 bln (€10.4 mln).
Higher Fuel Prices Add 0.6-0.7 pp to CPI
Bulgaria's Household Income, Spending Rise 20% in 2023
Hungary, UAE Sign Defense Industry Agreement
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
