Appeninn acquires Balatonfüred harbor operator

Deals

Listed property holding company Appeninn said it signed a contract to acquire 76% of Solum-Invest, which operates a big harbor on Lake Balaton, state news wire MTI reports.

Lake Balaton

Appeninn bought the operator of the harbor in Balatonfüred together with the investor Attila Balázs, a shareholder in real estate developer Bayer Construct who at the same time acquired a 24% stake in Solum-Invest.

Appeninn said that planned investments at the harbor would produce "new, high-quality products" on the Balaton tourism market.

Appeninn did not disclose the transaction price.

ADVERTISEMENT

Tender for Home Solar Panel, Battery Subsidies Announced Green Energy

Tender for Home Solar Panel, Battery Subsidies Announced

Gov't Keeps Rate on General-purpose Student Loans at 7.99% Government

Gov't Keeps Rate on General-purpose Student Loans at 7.99%

Hungary Home Sales Climb 10% in November Residential

Hungary Home Sales Climb 10% in November

Budapest Police Seize Nearly 155 kg of Cocaine in Drug Bust City

Budapest Police Seize Nearly 155 kg of Cocaine in Drug Bust

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.