PortfoLion invests $1.6 mln in Hungarian fashion design company
Venture capital fund PortfoLion, a unit of OTP Bank, Hungary's biggest commercial lender, is investing $1.6 million in Hungarian fashion design company Nanushka and providing it with a $1 million credit line, PortfoLion chairman-CEO Péter Oszkó told MTI on Thursday.
Oszkó said Nanushka was a stable, growing and profitable company that had achieved international success.
PortfoLion has made ten investments totaling HUF 3.5 billion since it starting operating in 2010.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.