ADVERTISEMENT

Waberer's extends naming rights 99 years

Transport

Listed hauler Waberer's yesterday said its minority owner György Waberer extended the company's right to use his name for 99 years, state news wire MTI reports citing a press release on the website of the Budapest Stock Exchange.

In 2019, after Waberer sold the hauler business to private equity company Mid Europa Partners, he allowed it to use his name for just three more years.

In 2021, Mid Europa Partners parted with Waberer's and minority stakes in the company were acquired by several local investors, among them Waberer, who now controls a 20% stake in the company.

ADVERTISEMENT

Varga: Q1 growth demonstrates ability 'to withstand crisis' Analysis

Varga: Q1 growth demonstrates ability 'to withstand crisis'

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Budapest bike-sharing scheme expands in District XI City

Budapest bike-sharing scheme expands in District XI

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.