Mid Europa mulls Wabererʼs sale
Private equity company Mid Europa Partners is weighing a sale of its stake in listed Hungarian haulage company Wabererʼs, Wabererʼs International said in a response to speculation in the press posted on the website of the Budapest Stock Exchange, according to a report by state news wire MTI.
"Mid Europa has confirmed to Wabererʼs that it has appointed Rothchild [sic] to help it consider strategic options for its investment in Wabererʼs, including the sale of its stake in the Company," Wabererʼs said.
"There can be no certainty that Mid Europa will sell any or all of its existing shareholding," it added.
Mid Europa holds 71.99% of Wabererʼs shares through its unit CEE Transport, the latest ownership data on the bourseʼs website shows.
Wabererʼs has booked losses for several quarters, but its management has voiced a commitment to turning the business around.
Wabererʼs shares closed at HUF 974 on Tuesday, down 3.2% in the year to date.
Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March
Hungary Condemns Iranian Attack on Israel
Share of 1st Time Home Buyers Climbs
Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...
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.
