PortfoLion invests $1.6 mln in Hungarian fashion design company

Deals

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.

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