Troubled Hungarian dairy company could get Italian suitor
Troubled Hungarian dairy company Óvártej could be rescued by an Italian buyer, if shareholders approve the investor's offer, regional daily Kisalföld said on Wednesday. The Italian company, which the paper did not name, wants to take care of half of Óvártej's liabilities immediately and pay off the rest from profits over five years. Óvártej owes suppliers some HUF 850 million, the paper said.
ADVERTISEMENT
Gen Gov't Finishes January Close to HUF 144 bln in the Red
IMF Urges Hungarian Authorities to Carry out Structural Refo...
Futureal Integrates Commercial Development, Asset Management...
Nyugati Renovation Continuing
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.
