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.

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