OTP VC unit acquires stake in Graboplast

Pharma

Hungary's Competition Office (GVH) has cleared the acquisition of a 16pc stake in special flooring maker Graboplast by PortfoLion, the venture capital unit of OTP Bank, through a HUF 1.5 bln capital raise, Graboplast said on Tuesday.

The fresh capital will support Graboplast's growth plans, involving boosting production capacity and expanding its presence on export markets.

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