Konzum takes over HUF 11.9 bln real estate fund from Diófa

Deals

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Konzum Investment Fund Management has agreed to take over the HUF 11.9 billion real estate fund of peer Diófa, pending the approval of the National Bank of Hungary, holding company Konzum said in a disclosure on the website of the Budapest Stock Exchange on Friday, according to Hungarian news agency MTI.

The property fund includes the Budapest headquarters of FHB Bank, a separate 6.3-hectare plot under development on the outskirts of the capital, and a campground on Lake Balaton, Konzumʼs PR agent said in a separate release.

Konzum holds a 47% stake in Konzum Investment Fund Management, which manages more than HUF 100 bln in assets.

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