Vida told MTI on Monday that, if the acquisition is successful, TV2 Media Group and its units will be placed into a trust. The sale could be closed in June, he added.

Vida is chairman-CEO of Takarékbank, the “central bank” for Hungaryʼs integrated network of savings cooperatives. He has his own investments in the financial sector, banking IT, real estate, and financial consulting. He is also a well-known breeder of dogs.

Andy Vajna, the Hollywood producer and government commissioner for the film industry, who died in January aged 74, acquired TV2 in 2015. Changes at TV2 began shortly after his death, as Dirk Gerkens, who acted as CEO, left his position by mutual agreement, with Miklós Vaszily taking over his job, as reported earlier.