Waberer's Minority Stakeholders Acquire 8.64% in Buyout Offer
Waberer's International minority stakeholders MHB Optimum and High Yield have acquired 8.64% of the listed hauler's shares in a buyout offer closed on Friday, according to a report by state news wire MTI.
After the final settlement, MHB Optimum's stake will increase to 27.09% and ownership of High Yield will rise to 23.16%, Waberer's said on the bourse's website.
MHB Optimum and High Yield had offered HUF 2,336 per share - the statutory minimum - in the buyout. MHB Optimum had agreed to acquire two-thirds of the shares offered and High Yield one-third.
High Yield is owned by Gyoögy Waberer, who built up Waberer's over more than two decades.
BDPST Equity, a unit of the real estate management company BDPST Group, earlier agreed to acquire MHB Optimum.
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