Konzum and Opus go on five-stop foreign tour
Pyty/Shutterstock.com
Listed holding companies Konzum and Opus will go on an advertising tour of five European cities to acquaint investors with the planned merger of the two entities, their operations and their common outlook, the companies told national news agency MTI on Monday.
(Illustration by Pyty/Shutterstock.com)
Konzum and Opus will hold investor presentation events in Frankfurt, Stockholm, London, Helsinki and Tallinn.
According to the presentation, the merger of the two holding companies will establish "the fifth largest public company in Hungary, with a market cap of around EUR 1.2 billion." The combined holding will control investments in industry, agriculture, energy, tourism, and real estate.
Konzum and Opus announced their planned merger in October. The first shareholdersʼ meeting to discuss the merger will take place on December 3, and the transaction could be approved at another meeting on March 29, 2019.
Both holding concerns are controlled by billionaire investor Lőrinc Mészáros, a close ally of Prime Minister Viktor Orbán.
MET Group Records 2nd Most Profitable Year in 2023
Gov't Considering Fuel Price Intervention
Wienerberger Lays Cornerstone of HUF 12 bln Concrete Tile Pl...
Time Out Market to Open in Budapest Next Year
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.
