Wabererʼs founder to revoke brand name from new owner
György Wáberer, the founder and former CEO of Hungarian logistics and haulage firm Waberer’s, Tuesday announced he would revoke the right to use the company’s brand name as of the summer of 2018 with the expiry of the related contract, according to a press statement sent to the Budapest Business Journal.
Wabererʼs International Zrt.’s founder and former co-owner sold his part of the company in June last year to investor group Mid Europa Partners. The Waberer’s brand appears on more than 3,500 trucks and is well-known internationally in the region, the press statement adds.
Hungarian online news portal napi.hu recalled that Wáberer sold his 40% of the company to Mid Europa Partners together with the right to use the brand name, for which the contract expires next summer. In the press statement, Waberer’s the company explained that handing over the rights for use of the brand name was an inseparable part of the deal made last year.
Wabererʼs recently started offering its shares for subscription in an initial public offering (from June 19 until June 29). The shares are offered between HUF 5,100 and HUF 6,300.
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.