The National Economy Minister prohibited the sale of Alfoldi Tej to a foreign investor on September 16 saying the transaction would pose “significant risk” to the security of food supply.
The company informed the ministry in writing on September 29 that the company’s members are offering to sell the full company to the Hungarian state under the same conditions under which it was planned to be sold to the foreign buyer.
The ministry said its intention is for the acquisition to take place as quickly as possible and for the farmers in the company group not to suffer any disadvantages due to blocked foreign sale.
Alföldi Tej accounts for close to 20% of farm gate purchases of milk in Hungary.
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