Waberer's Group Closes Acquisition of 55% Stake in MD Int'l

Deals

Listed Hungarian hauler Waberer's International on Thursday announced that its wholly-owned unit WSZL closed the acquisition of a 55% stake in MD International, a "major player" on the Serbian distribution market.

Waberer's Group announced in October the signing of an agreement on the transaction.

WSZL also received an option to acquire the remaining 45% stake in the company.

Last year, MD International had revenue of EUR 55 million and after-tax profit of EUR 1.8 mln.

Hungary Gasoline Prices 3% Over Regional Avg Energy Trade

Hungary Gasoline Prices 3% Over Regional Avg

Gov't Wants Sustainable Business Model for Magyar Posta Government

Gov't Wants Sustainable Business Model for Magyar Posta

120,000 Guest Workers Employed in Hungary HR

120,000 Guest Workers Employed in Hungary

Gastrotourism Alive and Well in Hungary Tourism

Gastrotourism Alive and Well in Hungary

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.