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Mathias Corvinus Collegium Acquires Controlling Stake in Libri

Deals

Photo: majorstockphoto / Shutterstock.com

A subsidiary of Mathias Corvinus Collegium (MCC), an interdisciplinary educational institution that seeks to foster talent in the Carpathian Basin, has signed a contract on the acquisition of a 67.48% stake in bookseller Libri Group from SQ Invest, MCC said on Tuesday, according to a report by state news wire MTI.

The transaction will raise MCC's stake in Libri Group to 98.41%.

SQ Invest owner, Ákos Balogh, will remain on Libri Group's board of directors to support the company's further development, MCC said.

The transaction must still be cleared by the Competition Office (GVH). 

MCC acquired a minority stake in Libri Group in April 2021.

Libri Group has a chain of 57 bookstores across the country.

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