Opus borrows HUF 50 bln to acquire Titász
Listed holding company Opus Global on Saturday said its unit Opus Energy signed for a HUF 50 billion loan to acquire Hungarian electricity distributor Titász, according to a report by state news wire MTI.
Opus signed the loan contract with MKB Bank and Takarébank.
The two banks, together with Budapest Bank, are merging into Magyar Bankholding, which is set to become Hungary's second-biggest commercial lender.
Opus Global signed a sale and purchase agreement on the acquisition of 100% of Titász from the local unit of Germany's E.ON late in March.
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