Jászai to acquire majority stake in 4iG
4iG
Gellért Jászai, the chairman-CEO of listed IT company 4iG, has agreed to acquire stakes in 4iG from listed holding company Opus Global and private equity fund Konzum that would give him control over 61.79% of the company, state news wire MTI reports, citing a disclosure posted on the website of the Budapest Stock Exchange.
Jászai has agreed to acquire 9.95% of 4iG shares from Opus Global and 11.635 from Konzum in OTC transactions.
In a statement released by 4iGʼs PR agent, Jászai said 4iGʼs "significant growth potential" had made the company "one of the most attractive investments on the Hungarian IT market".
4iGʼs Revenue rose to HUF 41.5 billion last year from HUF 14.5 bln in 2018.
When the transactions are closed, free-float in 4iG will stand just under 35%.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
