AutoWallis considering more acquisitions before yearend

Automotive

Listed car seller AutoWallis could disclose more acquisition news before the end of the year, CEO Gábor Ormosy said in an interview published business daily Világgazdaság,

About a week earlier, the firm raised HUF 10 billion in a public share offering, selling HUF 2.5 bln of its shares to retail investors and HUF 7.5 bln to institutional investors.

The company will use the proceeds to finance HUF 16 bln-38 bln of acquisitions and business developments in the pipeline until 2025.

Ormosy said AutoWallis had put acquisition talks on the back burner during the share offering.

More Companies Take Action Against Corruption Analysis

More Companies Take Action Against Corruption

Karácsony Still Winner of Budapest Mayoral Election After Re... Elections

Karácsony Still Winner of Budapest Mayoral Election After Re...

2 Major Ground Handlers at Budapest Airport Join Forces Transport

2 Major Ground Handlers at Budapest Airport Join Forces

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%

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.