The transaction must be approved by the National Bank of Hungary (MNB) in its capacity as financial market watchdog.
Under the sale agreement, Opus will get a fixed price for the stake but could also share in CIG Pannoniaʼs earnings in the period 2021-2025, if certain conditions are fulfilled.
Opus earlier parted with its stake in listed property holding company Appeninn.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
