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GVH: No acquisition request received from Fonyó for TV2

Deals

Hungaryʼs Competition Office (GVH) has not yet received a request from a group of companies owned by Károly Fonyó to clear the acquisition of the second largest commercial channel TV2, GVH spokesperson Andrea Basa, said today on state-owned all news channel M1.

The spokesperson said that participants in mergers and acquisitions must apply for clearance from GVH if their combined annual net revenue exceeds HUF 15 bln and both of the partiesʼ separate annual revenue reaches at least HUF 500 mln, Hungarian news agency MTI reported.

Hungarian online daily 444.hu reported early this morning that they had obtained official documents that reveal Károly Fonyóʼs Megapolis Media Kft. had pre-purchase rights for firms CCA Kft. and D6D Kft., owned by Yvonne Dederick and Zsolt Simon, the proprietors of TV2 Group.

On October 15, Dederick and Simon announced that they had sold TV2 to government commissioner for the film industry Andrew G. Vajna, however, a few hours later Fonyó announced to have bought the two companies that own TV2 Group on October 13.

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