István Stumpf, who heads the university's foundation, told journalists on Thursday that the school would establish the Tokaj Wine Business Institute for post-graduate studies in the future.
Grand Tokaj CEO Gergely Goreczky said the change in ownership marks "the beginning of a new era" for the company which turns out close to 5m bottles of wine a year and exports its products to 38 countries.
Grand Tokaj's revenue was close to HUF 2.7 bln in 2020, public records show.
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