Fotex stake in Domus rises to 99.24% after squeeze-out


Holding company Fotex Rt announced on Thursday it had acquired 9,807 shares in furniture company Domus Rt in a squeeze-out following a public purchase offer.

The squeeze-out ended May 26 and left Fotex with a direct and indirect stake in Domus of 99.24%. Fotex decided at Domus's AGM in March to delist the shares from the stock exchange. In the squeeze-out, Fotex offered Ft 2,250 per share, well over the Ft 1,600-per-share price in the buyout offer, which failed to attract many shareholders. (Fotex boosted its stake at the offer by a slight 1.52% to 58.02%.) Afterward, Fotex indirectly confirmed it had purchased on the stock exchange 28.1% of Domus shares.
Domus had consolidated net losses of Ft 31.9 million on sales of Ft 6.79 billion in 2005, according to preliminary figures calculated with International Financial Reporting Standards. It had consolidated net assets of Ft 3.34 billion at the end of 2005.


Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga Analysis

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


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.