Orco considers listing on Budapest Stock Exchange
Orco Property Group, a real estate developer listed on the Prague and Paris stock exchanges, is considering floating its shares on the Budapest Stock Exchange (BÉT), CEO Ales Vobruba said in a Bloomberg interview.
There are already three property companies listed on the BÉT: Graphisoft Park SE, the recently spun-off property unit of software company Graphisoft; Fotex Nyrt, a former retailer converted into a real estate holding company; and developer BIF Nyrt.
BÉT president Attila Szalay-Berzeviczy said on Monday that the Budapest bourse hopes to list Hungary's TriGránit Zrt, one of the biggest developers in the region, in addition to a planned floatation of the shares on another European bourse.
The Orco Property Group owns several historic buildings in central Budapest, including the BÉT building itself.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.