CECAB buys remaining stake in Globus

Competition

The Budapest Stock Exchange (BÉT) approved an offer by France's Centrale Cooperative Agricole Bretonne (CECAB) to buy the shares it doesn't already own in Globus Rt, Hungary's biggest canner and condiment producer.

The transaction was approved after Globus requested on June 15 to delist its shares, the company said in a stock exchange statement late yesterday. The French company already owns a 51.1% stake in Globus, which it bought for Ft 460 a share in a buyout offer closed last month.
Globus, which has annual sales of about Ft 30 billion, posted a Ft 4.5 billion loss last year.

 

ADVERTISEMENT

More Romanians at poverty risk since the COVID pandemic Analysis

More Romanians at poverty risk since the COVID pandemic

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.