Waberer's Buyout Offer Cleared

Deals

A buyout offer for listed Hungarian hauler Waberer's International has been cleared, the company announced late Monday, according to a report by state news wire MTI.

MHB Optimum and High Yield are offering HUF 2,336 per share - the statutory minimum - in the buyout which runs from October 19 until November 18.

MHB Optimum will acquire two-thirds of the shares offered and High Yield one-third. 

Bdpst Equity, a unit of real estate management company Bdpst Group, earlier agreed to acquire MHB Optimum.

High Yield is owned by György Waberer, who built up Waberer's over more than two decades.

The buyout offer was initially announced in July but suspended in September pending approval by the National Bank of Hungary (MNB) of the takeover of Waberer's insurance unit Waberer Hungária Biztosító.

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