Waberer's minority stakeholders announce buyout offer

Deals

Minority stakeholders in listed Hungarian hauler Waberer's International will make a buyout offer for outstanding shares in the company at a price of just under HUF 2,336 per share, the statutory minimum, Hungarian news agency MTI reports, citing a disclosure posted on the website of the Budapest Stock Exchange.

The buyout offer is being made by Trevelin Holding and Geraldton Invest, both controlled by Dániel Jellinek, the head of property developer Indotek; High Yield, owned by György Waberer, who built the company up over more than two decades; and MHB Optimum.

Trevelin Holding and Geraldton Invest own a combined stake of just under 31% in Waberer's, High Yield owns 20% and MHB Optimum holds 21%.

The shareholders have submitted their buyout offer to the National Bank of Hungary (MNB) for approval.

In a separate announcement posted on the bourse website on Friday, Waberer's said the MHB Optimum was acquired by property developer BDPST Equity from the investor Ferenc Mike.

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